Access Bank Opens Representative Office in China

As part of efforts towards becoming the world’s most
respected African bank, Access Bank Plc has recorded another
milestone with the opening of its representative office in China.
This development affirms the bank’s commitment to socio-
economic development of the continent through expansion
across the world and its resolve to redefine the financial
services operations.The Bank’s Group Managing Director,
Herbert Wigwe, explained that the opening of the
representative office is just the beginning of Access Bank’s
entry into the Chinese market as the Bank seeks to stimulate
economic growth of the country by partnering with Chinese
and African entrepreneurs. He said, “Access Bank is using this
as a platform to grow its business in one of the world’s
fastest growing economies, as well as fostering economic and
trade ties between China and Africa by becoming the link
between businesses in both continents thereby driving
economic development and business partnership”.He also
said, the decision to open a Chinese office was necessitated
as the country has become Nigeria/Africa’s major trading
partner with several Chinese companies seeking to do
business in Nigeria and several countries in Africa where
Access Bank has its presence. This will signal a new era in the
annals of financial service delivery as Access Bank Group will
deliver world class financial services by leveraging on the
groups robust and time – tested technological platform, its
prized expertise in trade finance to facilitate trade and its
innovative products and excellent service delivery which has
been acclaimed to be one of the best in the world.Also
speaking, Roosevelt Ogbonna, Executive Director, Commercial
Banking Access Bank, said, “The representative office would
offer a one-stop shop for such companies wanting to enter the
Nigerian market as the bank will offerfinancial and advisory
support for their businesses, and the country’s economy will
be positively impacted through their improved capacity”.
Access Bank’s presence in China further accentuates its
steady growth as an international financial services and an
attainment of its goal of becoming the world’s most respected
African bank.Access Bank Plc secured the approval of the
China Banking Regulatory Commission to commence business
of its representative office in Beijing in 2014, having satisfied
the official requirements prescribed by the CRBC. Access Bank
(China) Office will join its other subsidiary in the UK, Ghana,
Rwanda, Gambia, Zambia, D R Congo and Sierra Leone. The
Bank is set to replicate its world class service culture by
empowering citizens through its diverse products and services
designed to improve their lifestyles.