Access Holdings Plc has announced the launch of The Access Bank Malta Limited, a fully owned subsidiary of The Access Bank UK Limited. Approved by the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), this marks a pivotal step in enhancing trade connectivity between Europe and Africa. Malta’s strategic position as an international financial hub makes it an ideal location for fostering economic partnerships and advancing commerce between the two continents.
The establishment of the Malta branch underscores Access Bank’s commitment to facilitating global trade and financial integration. Roosevelt Ogbonna, CEO of Access Bank Plc, highlighted Malta’s role as a critical gateway linking European and North African economies, aligning with the bank’s vision of becoming Africa’s gateway to the world. Jamie Simmonds, CEO of The Access Bank UK Limited, emphasized the importance of Europe-Africa trade relations, citing the African Continental Free Trade Area (AfCFTA) and Economic Partnership Agreements as key drivers of economic collaboration.
The Access Bank Malta Limited will prioritize international trade finance, starting with a workforce of 30 and plans for measured growth. Renald Theuma, CEO of the Malta subsidiary, emphasized the tailored financial solutions the bank will provide to clients across both regions, leveraging Malta’s unique position to deepen trade ties and promote economic connectivity.