Nigeria's commercial lender, Access Bank Plc is well on its way to becoming the African banking behemoth.

Few months after concluding its acquisition of rival Diamond Bank in 2019, the bank said it has secured final approvals of all relevant regulatory authorities in Kenya for the acquisition of Kenya-based Transnational Bank Plc (TNB).
The bank said this in a statement to the Nigerian Stock Exchange (NSE) signed by its Company Secretary, Mr Sunday Ekwochi.

The bank had on October 28, 2019, informed the NSE that the Central Bank of Nigeria (CBN) had granted its ‘no objection’ to the bank’s proposed acquisition of majority equity stake in TNB.

“We are pleased to announce that the bank has now secured the final approvals of all relevant regulatory authorities in Kenya in respect of the acquisition.

“The acquisition is in line with the bank’s strategic objective of becoming Africa’s gateway to the world and ties into its strategy to establish footprints in key African markets.’’

The bank added that the acquisition would further complement its franchise in Rwanda, Congo DRC and Zambia.

It noted that “TNB is a medium-sized commercial bank with great focus on the agricultural sector and significant retail footprints.’’

Mr Hebert Wigwe, the bank’s Group Managing Director, was quoted by the statement as saying the “acquisition aligns with its strategy of becoming Africa’s gateway to the world.

Read more >>>> http://nigeriatodaynews.com/news/access-bank-secures-final-approval-to-acquire-kenyas-transnational-bank

Like play like play Access bank want double cross other Banks ooo

Double Twale for them Sha. Their services is still far better than some of our banks like First bank and UBA etc.