In 2018, Access Bank Nigeria, which accounts for approximately 75% of the groups assets, agreed to merge with Diamond Bank, another Nigerian commercial bank that was struggling to maintain regulatory capital ratios. The banking group also has representative offices in four Asian countries, two of which are in the Middle East. As of July 2021, the group maintained operational subsidiaries in 9 Sub-Saharan countries and one Western European country. In June 2021, Access Bank Group has published its Q2 (second quarter) report, and has announced a total assets to NGN 10.055 trillion (US$25.513 billion) for the half year ended June 30, 2021. After the merger of Access Bank plc and Diamond Bank on April 1, 2019, Access Bank plc is today the Africa’s largest bank by customer base, and the largest bank in Nigeria by asset. As of July 2021, the group serviced in excess of 42 million customers in Africa. It is reported that the French subsidiary will first focus on funding trade finance between France and francophone Africa, before opening subsidiaries in French-speaking Africa. In May 2023, the bank group opened an operational banking subsidiary in Paris, France. The group also maintains representative offices in China, India, Lebanon and United Arab Emirates. Access Bank Group is a financial services conglomerate, headquartered in Nigeria, with subsidiaries in the Democratic Republic of the Congo, Ghana, Kenya, Nigeria, Rwanda, Gambia, Sierra Leone, South Africa, Zambia and the United Kingdom.
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