Access
Bank Plc has granted a $250 million credit facility to Sea Truck Groups, an
international group of companies offering offshore installation, accommodation
and support services to the oil and gas industry worldwide.
Meanwhile,
In explaining the capacity of the bank to undertake deals of this magnitude,
the Group Managing Director, Access Bank Plc, Herbert Wigwe said that the bank
has recorded commendable expansion and growth in the last decade; “This has
positioned the bank within the top five banks in the country. With regards to
our regional spread, Access Bank is currently in seven countries inclusive of
the UK and now has an office in China with plans to establish presence in Dubai
next year”.
Expressing
his appreciation to Sea Truck Group for the opportunity afforded the bank, he
said, “Sea Truck Group is a company that is dear to our heart. We will always
support the company in its dealings, as we are confident that this mutually
beneficial relationship will provide the backbone for future more robust
dealings”.
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