Access Bank has completed its takeover of Standard Chartered Bank in The Gambia, marking the end of the British bank's 130-year presence in the country. The acquisition, approved by the Central Bank of The Gambia on June 13, 2025, will see Access Bank assume control of Standard Chartered's assets and operations in The Gambia.

*Key Highlights of the Takeover:*

- *Smooth Transition*: The governor of the Central Bank of The Gambia, Buah Saidy, described the transition process as smooth, prudent, and transparent.

- *Employee Retention*: Access Bank will retain Standard Chartered's employees to ensure stability in the industry.

- *Expansion Drive*: This acquisition is part of Access Bank's expansion strategy, following its recent purchase of National Bank of Kenya.

- *Strong Financial Presence*: Access Bank is expected to leverage its strong financial muscles to support economic activities in The Gambia.

*Access Bank's Growing Presence:*

- *Meeting Recapitalization Requirements*: Access Bank, alongside Zenith Bank, has met and exceeded the Central Bank of Nigeria's N500 billion recapitalization requirement.

- *Expansion in Africa*: Access Bank has been expanding its footprint in Africa, with recent acquisitions in Kenya and The Gambia.

- *Global Ambitions*: The bank aims to become the "World's Most Respected African Bank" through its strategic transactions and growth plans ¹ ².