$300 Million Injected By Access Holdings Into Acess Bank.

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Access Holdings has injected $300 million into Access Banks for capital investment of its flagship subsidiary to boost the bank expansion across Africa.

 According to Access Holdings in the regulatory filing at Nigerian Exchange(NGX), the new capital investment will supplement the capital needs of the bank’s African expansion strategy

The company noted that over the years, Access Bank has made significant strides towards attaining a strong market presence in the key trade and payments corridors across the African continent.

The Group Chief Executive of Access Holdings, Dr. Herbert Wigwe said as a leading financial institution in the continent, the group remains foresighted in its approach to its growth and capitalisation needs.

“This investment is a capstone initiative following the $500 million Additional Tier 1 capital raised by the bank in 2021 and advances its vision to be the world’s most respected African bank.

“Access Holdings benefits from this non-dilutive approach to raising growth capital as we continue to invest in initiatives geared towards delivering our vision of building a globally connected community and ecosystem inspired by Africa for the world through discipline growth and diversification."

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