The Access Bank UK Limited, a wholly-owned subsidiary of Access Bank Plc, offers trade finance, commercial banking, private banking, and asset management services. The bank facilitates customer engagement with Organisation for Economic Co-operation and Development (OECD) markets while supporting businesses investing and trading across Africa, the Middle East and North Africa (MENA), Europe, and Asia.
Authorised by the UK’s Prudential Regulation Authority (PRA) and regulated by both the Financial Conduct Authority (FCA) and the PRA, the bank operates globally. Its Dubai branch, located in the iconic Gate Building at Dubai International Financial Centre (DIFC), is regulated by the Dubai Financial Services Authority (DFSA). The Paris branch is supervised by the French Prudential Supervision and Resolution Authority (ACPR), while the Hong Kong branch, situated in the Central District of Hong Kong Island, is regulated by the Hong Kong Monetary Authority (HKMA). The bank’s latest addition, The Access Bank Malta Limited, is its first fully owned subsidiary. Located in Sliema, it is licensed and regulated by the Malta Financial Services Authority (MFSA).
Aligned with the vision of its parent company, Access Bank Plc, The Access Bank UK Limited is committed to sustainable growth. This commitment is evident in its prudent approach to risk management, superior customer service, and long-term relationship building. The bank plays a critical role in advancing the Group’s aspiration to become ‘the world’s most respected African bank’.
Expanding International Operations
The bank has made significant progress in expanding its global footprint. The Dubai branch connects the MENA region with Africa, offering tailored trade and investment solutions. In 2023, the bank established a fully operational branch in France to strengthen trade links with Francophone Africa.
Regulatory approval for a Restricted Banking Licence in Hong Kong marked a major milestone in connecting African trade flows with China and other Asian markets. On 10th December 2024, the bank announced the establishment of its first fully owned subsidiary in Malta, The Access Bank Malta Limited. This strategic expansion enhances trade connectivity between Europe and Africa, with Malta serving as a gateway for commerce and economic partnerships.
Strong Financial Performance
In 2023, The Access Bank UK Limited achieved significant financial milestones, with total income surpassing $200 million for the first time. Trade finance income grew by 69% year-on-year to $106.1 million. Commercial Banking income reached $78.9 million, a 59% year-on-year increase, while asset management income grew by 28%, reaching $10.4 million.
The bank’s re-accreditation with Investors in People (IIP) Platinum status highlights its commitment to fostering a highly skilled workforce.
As The Access Bank UK Limited continues to expand and strengthen its global presence, it remains a cornerstone of the Access Bank Group’s strategy to drive sustainable trade and investment between Africa and the global economy.