First Atlantic Bank secures approval to operate in Liberia

First Atlantic Bank PLC (FAB) has achieved a major milestone in its expansion plans, securing regulatory approval to operate in Liberia. 

This marks a significant step forward in the bank's mission to become a global bank with a strong presence in West Africa, leveraging its roots in Ghana.

A release issued by the bank said the license was a testament to FAB's robust governance structures, operational strength, and long-term strategy, positioning the bank to extend its customer-centric banking model beyond Ghana's borders. 

It said with years of experience in retail, corporate, and digital banking, FAB was poised to make a meaningful impact in Liberia.

"The move into Liberia is more than just a geographical expansion it's about driving impact. FAB plans to support trade, entrepreneurship, and financial inclusion, offering modern and reliable banking solutions tailored to the local market's needs. 
As the bank prepares to commence operations, it's clear that its culture of service excellence, innovation, and trust will be at the forefront of its mission," it said.

Additionally, the release said FAB was a 2X Digital Bank of the Year, a recognition that underscored its strength in digital innovation and customer experience. 

"The bank intends to leverage this award-winning digital banking expertise in its expansion activities, deploying proven platforms, processes and capabilities to deliver seamless, modern banking solutions in Liberia," it said.

It said by exporting its expertise and values to a new market, FAB was strengthening regional economic ties and reinforcing its commitment to delivering exceptional banking experiences. 

"With this exciting new chapter unfolding, FAB is ready to make waves in Liberia and beyond," the release added.