Access Bank to Penetrate Chinese Market after Achieving Steady Growth in UK

BrandPower Magazine 16/07/2019Last Updated: 16/07/2019

1 minute read

“We have offices here in the heart of the City of London, Dubai and Lagos and are building our presence in China through a representative office there.”

Apart from recording another success through its partnership with UNICEF by raising funds to support education projects in northern Nigeria, the bank in a statement noted that the 2018 witnessed its emergence as one of three key UK clearing systems.

The bank said that the year also saw to its recognition as the best African Trade Finance Bank by both International Finance and CFI. This indicates another year of outstanding international business growth.

Reviewing the bank’s corporate activities for year 2018, its four strategic business units reportedly returned double digit growth. With only 2 years of operation in Dubai, a 200% increase in its income goes a long way to reflect promising market venture.

While some banks struggle with non-performing loans, Access Bank UK boasts of zero ‘non performing loans’ throughout year 2018. As a community development-driven bank, its success can be linked to the key role played by its involvement in corporate responsibility and exemplary corporate governance.

Simmonds attributed the success formula of the bank to the its managerial principles and banking philosophy which puts customers’ interest in the fore and recognises the need for staff development.

“We invest significantly in attracting, retaining and developing professional staff in order to ensure customers always deal with an expert who is familiar with their business and personal financial needs.”

While commending on the progress recorded so far, the Chairman of Access Bank UK, Herbert Wigwe noted that the successes in completing the first decade of trading for Access Bank UK has been a major milestone. He said growth has been sustained at the same time as earning a reputation for innovation and flexibility.”

Samson Oyedeyi