The announcement was made at a press event organised in DIFC that was attended by key executives from The Access Bank UK including Herbert Wigwe, Chairman and Non-Executive Director; Jamie Simmonds, Chief Executive Officer; Alyson Jeans, Commercial Bankin
The transaction, which is still subject to regulatory approval in India, will have no impact on the joint venture’s client positions and product portfolio.
In an bid to counter the fragmented nature of Italy's banking system, where most banks are small and local, the government passed a law in March to make it easier for large cooperative lenders to be taken over.
Both businesses, as well as operations in France, are part of Barclays' portfolio of 'non-core' businesses and assets it wants to sell or run down.
The Polish parliament’s new plan to solve the country’s Swiss franc mortgage problem could cost Polish banks $6.2bn this year, wiping out profits for 2015 and 2016, according to Institute of International Finance (IIF) research published this