Access Bank is admitted as a member of the International Swaps and Derivatives Association (ISDA), one the world’s largest global financial trade associations.
Access is the only continental bank, outside of South Africa, that is a member of the prestigious association. It was awarded with the membership in recognition of its long standing contribution to the development of the financial markets across Africa.
Commenting on the development, Aigboje Aig-Imoukhuede, Access Bank’s Group Managing Director, said that the bank’s admittance reflects its growing influence in Africa.
“We consider our membership to ISDA to be a strong reflection of Access Bank’s leadership in the financial markets,” he said.
Christine Bihire, the Corporate Communications Director in Access Bank Rwanda, said that membership to ISDA will improve the Bank’s capacity and add significant value to its business operations.
“It is evident that Access Bank’s membership to this reputable association will enhance the Bank’s capacity and add significant value to its business operations,” she explained.
Among its main duties, ISDA identifies and reduces the sources of risks in banking. It also produced documentation materials and instruments for use by its members.
Access Bank is one of the biggest group banks in Africa with branches in Rwanda, Cote d’Ivoire, DRC, Gambia, Ghana, Nigeria, Zambia, Sierra Leone and UK.