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Access Bank Sets To Acquire Transnational Bank In Kenya - Business - Nairaland

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Access Bank Completes Acqusition Of Transnational Bank (Kenya) / Access Bank Secures Final Approval To Acquire Kenya's Transnational Bank / Access Bank Secures Final Approval For Kenyan Transnational Bank Acquisition (2) (3) (4)

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Access Bank Sets To Acquire Transnational Bank In Kenya by Biggyz: 10:59pm On Oct 25, 2019
The Competition Authority of Kenya gave Nigeria’s biggest lender the go-ahead to acquire 93.57% of Transnational Bank Ltd., as consolidation in the East African nation’s banking industry gathers pace.

Access Bank Plc’s purchase follows the merger of NIC Group Plc and Commercial Bank of Africa Ltd., and KCB Group Ltd.’s acquisition of National Bank of Kenya Ltd. earlier this year. Access Bank joins other Nigerian lenders Guaranty Trust Bank Ltd. and United Bank of Africa Plc in operating in the Kenyan market.

The deal bodes well for the Central Bank of Kenya’s push for consolidation in an industry of more than 40 lenders and a population of almost 50 million people. Kenya has more banks per person than South Africa and Nigeria, Africa’s two largest economies.

In the past two years, SBM Holdings Ltd. of Mauritius bought up some of the assets of Chase Bank Kenya Ltd. and the entire capital of Fidelity Commercial Bank Ltd.

https://www.bloomberg.com/amp/news/articles/2019-10-25/nigeria-s-access-bank-to-buy-kenyan-lender-in-yet-another-tie-up

7 Likes

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by ReubenE(m): 11:06pm On Oct 25, 2019
This ones want to take their illegal deductions to Kenya

82 Likes 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by netpro(m): 11:14pm On Oct 25, 2019
Now that will be great. Taking over Diamond Bank was a very good investment as well.

12 Likes 4 Shares

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by Nobody: 7:47am On Oct 26, 2019
Nice one

1 Like

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by solmusdesigns: 7:48am On Oct 26, 2019
tongue



Evil Bank, they have destroyed diamond bank for us

I wonder why people aint complaining about thier yahoo yahoo services,

..

47 Likes 2 Shares

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by masterP042(m): 7:48am On Oct 26, 2019
Access bank and routine network maintenance na 5 and 6.
Everyday network issues. They should improve on the quality of their services not just acquiring other banks.

38 Likes 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by setobaba: 7:48am On Oct 26, 2019
that's how some people will rush to Acces and later will not be able to have access to thier money.

39 Likes 2 Shares

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by FloxySmart(f): 7:48am On Oct 26, 2019
Access bank on a mission to swallow another bank grin

16 Likes 2 Shares

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by MANNABBQGRILLS: 7:48am On Oct 26, 2019
Good for them......

1 Like 2 Shares

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by MoIbrahim: 7:48am On Oct 26, 2019
This access bank, just swallowing everything; intercontinental bank, diamond bank and this one again

17 Likes

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by grimandevil: 7:48am On Oct 26, 2019
Oboy

1 Like

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by salemdv(m): 7:48am On Oct 26, 2019
Haa! Now it's going to be every hour system upgrade. Since the take over if diamond it has been a weekly stuffs

10 Likes 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by SolnergyPower: 7:48am On Oct 26, 2019
We're very proud of this!
Re: Access Bank Sets To Acquire Transnational Bank In Kenya by naijaboy756: 7:49am On Oct 26, 2019
My bank dey power o!
Re: Access Bank Sets To Acquire Transnational Bank In Kenya by horlabiyi(m): 7:49am On Oct 26, 2019
Kenya govt won't allow them to be charging their citizens crazily

1 Like

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by johncallidon(m): 7:49am On Oct 26, 2019
How does it reduce the price of rice in the market?? ***local man is tired and can not can***

6 Likes

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by Donvictor2015: 7:50am On Oct 26, 2019
A good move by Access bank

1 Like 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by Edcure1: 7:50am On Oct 26, 2019
ReubenE:
This ones want to take their illegal deductions to Kenya
Only if the Kenyan regulators keep a blind eye like their Nigerian counterparts.

11 Likes 2 Shares

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by sylve11: 7:50am On Oct 26, 2019
them never fit manage their mother bank ''access bank' (problem), them go axquire 'diamond bank' (problem), now them wan go buy bank for kenya . Make Kenyans nor go complain like the way Ghanians dey complain with Glo poor service sha. undecided cool

6 Likes 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by ednut1(m): 7:51am On Oct 26, 2019
solmusdesigns:

tongue



Evil Bank, they have destroyed diamond bank for us


..
rescued actually

5 Likes

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by Thatdopekelly(m): 7:51am On Oct 26, 2019
Access bank don finally run mad, they should please come and acquire me too D;
Re: Access Bank Sets To Acquire Transnational Bank In Kenya by NotBeenPaid: 7:52am On Oct 26, 2019
masterP042:
Access bank and routine network maintenance na 5 and 6.
Everyday network issues. They should improve on the quality of their services not just acquiring other banks.



Their every now and then maintenance brouhaha has really affected their services in a wrong way... Lately, every single transaction I do I get charged twice the amount; meaning whomever I'm sending money gets twice the same amount.


A failed transaction too, money would be deducted. Their system seems messed up. An immigration officer that I sent money to for a service via Access Mobile Banking App got twice the amount and has already blown away the double and now he promises to pay after a month. Just imagine cry








6 Likes

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by helinues: 7:52am On Oct 26, 2019
Good for them.

Too much mney no dey purge

1 Like

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by BitmapStudios: 7:53am On Oct 26, 2019
ReubenE:
This ones want to take their illegal deductions to Kenya
I sha hope they know they can't outRUN the Kenyans.
cool

5 Likes 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by BamiTii(f): 7:53am On Oct 26, 2019
Good
Re: Access Bank Sets To Acquire Transnational Bank In Kenya by solmusdesigns: 7:53am On Oct 26, 2019
we dont feel rescued as thier customers, we need Diamond management back..

Access Network is quite crapy


ednut1:
rescued actually

6 Likes 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by Owodiran1(m): 7:53am On Oct 26, 2019
Now they will have another problem of we not able to use the mobile app and any online transaction platforms for months

2 Likes

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by whitebulb(m): 7:54am On Oct 26, 2019
.
Re: Access Bank Sets To Acquire Transnational Bank In Kenya by tonylaw07(m): 7:55am On Oct 26, 2019
Useless bank. Only heaven know's when they would finish thie crazy system upgrade. It would have been much better if first bank had acquired diamond.

9 Likes 2 Shares

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by chinavs9ja(m): 7:56am On Oct 26, 2019
Ride on Access bank

Check my signature

1 Like

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by ednut1(m): 7:57am On Oct 26, 2019
solmusdesigns:
we dont feel rescued as thier customers, we need Diamond management back..

Access Network is quite crapy


but with the former mgt your money was gone. Given out as loans which hv become non performing

5 Likes 1 Share

Re: Access Bank Sets To Acquire Transnational Bank In Kenya by Nobody: 7:59am On Oct 26, 2019
shocked

1 Like 1 Share

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