ACCESS Bank South Africa appoints new Chief Executive Officer

Mar 12, 2024

South Africa 12 March 2024 – Access Bank South Africa today announced the appointment of Mr. Sandile Shabalala as its new Chief Executive Officer (CEO). Shabalala brings over three decades of extensive experience in the banking sector, and a proven track record of driving growth and managing risk.

Shabalala joins the bank after serving as Chief Executive for Business and Commercial Banking at Sasfin Bank Limited, where he led the establishment and development of the Business Banking division. His responsibilities there were vast, including building, enhancing, and growing transactional banking and products, and achieving sustainable financial performance.

Access Bank is pleased to be a part of Shabalala’s impressive career journey, which includes notable roles such as CEO of TymeBank, where he successfully led the bank’s launch and established it as a disruptive force in the South African banking industry. Under his leadership, TymeBank received accolades for its commitment to financial inclusion and innovative digital banking solutions.

Shabalala’s educational experience further sets him apart, with a strong foundation in banking and finance that Access Bank believes can greatly impact the company and its growth. Mr. Shabalala holds a Bachelor of Administration degree from the University of Durban-Westville, as well as a Master’s in Business Leadership from the University of South Africa. He further honed his skills through executive education programs at renowned institutions such as Harvard Business School and INSEAD.

Commenting on his appointment, Mr. Shabalala expressed his excitement to join Access Bank South Africa and lead the bank into its next phase of growth and innovation. He stated, “I am honoured to join Access Bank, a leading financial institution with a long-standing reputation of excellence and growth. I look forward to working closely with the talented team at Access Bank to further strengthen our position as an organisation that drives economic growth and financial inclusion in Africa.”

As Access Bank’s new CEO, Shabalala will leverage his expertise in strategic planning, risk management, and stakeholder engagement to propel the bank towards maintaining its position of being one of Africa’s fastest-growing and innovative banks.

About Access Bank

Access Bank Plc. is a leading full-service commercial Bank operating through a network of more than 600 branches and service outlets, spanning three continents, 20 markets, and 63 million customers. The Bank employs 28,000 people in its operations in Nigeria and has subsidiaries in Sub-Saharan Africa and the United Kingdom (with a branch in Dubai, UAE) and representative offices in China, Lebanon, and India.

Listed on the Nigerian Stock Exchange since 1998, Access Bank is a diversified financial institution that combines a strong retail customer franchise and digital platform with significant corporate banking expertise and proven risk management and capital management capabilities. The Bank serves its various markets through four business segments: Retail, Business, Commercial, and Corporate. The Bank has over 900,000 shareholders (including several Nigerian and International Institutional Investors) and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last twelve years. Following its merger with Diamond Bank in March 2019, Access Bank became one of Africa’s largest retail banks by retail customer base.