Access Holdings has announced that Access Bank UK has signed an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by assets.
Access Holdings has announced that Access Bank United Kingdom has signed an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by assets.
He said the acquisition will provide Access UK with a robust platform to grow its personal and corporate banking operations. “At the end of its fiscal year ended June 30, 2024, Afrasia Bank recorded Total Assets of more than US$5.7 billion and Net Profit After Tax of US$152.4 million.” “Mauritius offers immense potential as an international financial hub, and through Afrasia Bank, we are excited to unlock new opportunities to drive trade, support businesses, and foster economic inclusion across the region as we continue our mission to be the World’s Most Respected African Bank.”
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