Access Bank Speaks on Opening New Office in Hong Kong, US, Shares Plan to Meet New Capital [Video]

• The biggest bank in Nigeria is considering offering dollar-denominated securities for sale on the local market
• This is aimed at meeting the central bank’s capital requirements and finance its expansion aspirations
• By the first quarter of 2025 or 2026 at the latest, the bank intends to open an office in the US and open one in Hong Kong on October 30

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

In order to meet central bank capital requirements and finance its expansion aspirations,Access Bank is thinking about selling dollar-denominated securities on the domestic market.

Roosevelt Ogbonna, the managing director of Access Bank Plc, the largest lender in West Africa in terms of assets, stated that the bank is aiming to issue two tranches …