Access Bank officially took over Bancor S.A after a successful buy-out of 75 percent shares

Access Bank Rwanda, a subsidiary of Access Bank Nigeria is set to open four new branches in Rwanda this month and early next month as part of its expansion drive.

The new branches which will be located in various parts of the country such as Remera, Ruhengeri, Bugarama, and in the city centre come as an addition to the four branches that have already been operational. 

The bank has established a working network in various countries such as Nigeria, Ivory Coast, the Gambia, Sierra Leone, Zambia, Ghana, the Democratic Republic of Congo (DRC) and the United Kingdom.

"We have cleared with the administrative procedures, the infrastructure is set up and what is left is working with both Rwandatel and MTN to finish up the on-line facility,” said Pacificque Rugina the Head of Corporate Communications. 

The financial institution has also contributed to the capacity building of its staff where by fifteen staff were last year sent to the Access Bank School of Banking Excellence, where they were trained on issues of banking.

This year eight more staff members were sent to the same school for a four months training course.

Access Bank that officially took over Bancor S.A after a successful buyout of 75 percent shares has increased its working permanent staff from 80 to 120 from the time of its establishment. 

The remaining 25 percent of its shares are still held by private investors both in Rwanda and South Africa.

"Our vision as a bank is to go beyond the ordinary, to deliver the perceived impossible in the quest for excellence and transform the bank into a world class financial service provider,” added Rugina.

The sixth largest bank headquartered in Nigeria, has 500,000 share holders and is listed on the Nigeria stock market.

Access bank intends to grow its market share and build scale in countries such as Tanzania, Kenya, and Uganda and stimulate development on the continent.

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