Since entering the Mozambican market at the end of 2021, Access Bank has been growing, driven by the acquisition of BancABC, whose purchase process was completed in 2022.
Currently, the Bank operates 11 branches in various provinces of the country, and by 2025 it wants to reach the entire country by opening 10 new branches in the provinces, strengthening its presence in the busiest centers and rural areas, focusing on financial inclusion.
According to Marco Abalroado, Managing Director of Access Bank Mozambique, “this expansion policy is in line with the Bank’s growth strategy, offering customers a wide range of innovative, high-quality financial products and services”.
Access Bank is a leader in the African banking sector. It operates a network of more than 750 branches and agents, serving 49 million customers in Nigeria, sub-Saharan Africa, and the United Kingdom.
The Bank has been strengthening its presence in Africa, expanding into new geographies such as Cameroon, Botswana, Kenya, Guinea-Conakry, South Africa, and Angola. It has started operations in Paris and will continue with the acquisition of Standard Chartered Bank in Cameroon, Angola, Gambia and Sierra Leone, and Private & Business Banking in Tanzania.
This strategy represents a fundamental step for our global franchise, which is focused on facilitating payments, investments, and trade on the continent and in the rest of the world.