With the recent declaration of a 36% growth in its United Kingdom subsidiary’s balance sheet for the year ended December 2018, Access Bank Nigeria appears to shift its focus to the lucrative financial markets of China.
The Managing Director of Access Bank UK, Jamie Simmonds disclosed at the Access Bank Polo Day at Guards Polo Club Windsor, that the development to build a representative office in China is in the pipeline.
“We have offices here in the heart of the City of London, Dubai and Lagos and are building our presence in China through a representative office there.”
Apart from recording another success through its collaboration with UNICEF in raising funds to support education projects in northern Nigeria, the bank in a statement noted that the 2018 witnessed its emergence as one of three key UK clearing systems.
The bank disclosed that the year also saw to its recognition as the best African Trade Finance Bank by both International Finance and CFI. This indicates another year of outstanding international business growth.
Reviewing the bank’s corporate activities for year 2018, its four strategic business units reportedly returned double digit growth. With only 2 years of operation in Dubai, a 200% increase in its income goes a long way to reflect promising market venture.
While some banks struggle with non-performing loans, Access Bank UK boasts of zero ‘non performing loans’ throughout year 2018.

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