Terms of acquisition 
Access Bank Plc has acquired an 88% interest in Omnifinance Bank, Cote d'Ivoire through a combination of purchase of existing shares and injection of additional capital. Omnifinance Bank now has a capital base in excess of US$20million.

Rationale
These acquisitions are in line with Access Bank Plc’s African expansion strategy which commenced in March 2007.
           
The acquisition of Omnifinance Bank will provide the platform for extending the Bank's reach into the UEMOA (CFA Zone). It will assist the Bank to complete its coverage of West Africa’s two monetary zones.

“These acquisitions extend our network coverage to six across Africa. Our Bank’s expansion across Africa will result in the creation of Africa’s bank of best practice.”

“We welcome the employees of Omnifinance Bank, into the Access Bank Family. We are impressed at the contributions of stakeholders towards the smooth integration of this bank into the Access Bank Group. 
           Aigboje Aig-Imoukhuede, Group Managing Director/CEO, Access Bank Plc

About Acces Bank Plc
Access Bank Plc was incorporated in 1989 and is a full service commercial bank licensed in Nigeria, operating through a network of 118 branches located in the major commercial centres in Nigeria and two offshore subsidiaries in The Gambia and Sierra Leone. It has grown rapidly over the last six years to establish itself as one of the Nigeria’s leading banks.
Access Bank Plc is listed on the Nigerian Stock Exchange (NSE) with a market capitalisation of US$3 billion. Total Assets as at March 2008 was US$8.9 billion and total shareholders' funds of US$1.6 billion.

More information about Access Bank Plc can be found on its website at www.accessbankplc.com