₦airaland Forum

Access Bank has acquired Diamond Bank as confirmed by Cableng, who alleged that the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN).

This is coming after Diamond Bank announced its decision to drop its international operating licence, to focus on national operations following capitalisation issues. Sources alleged that the acquisition was midwifed by the CBN in a bid to further consolidate the banking industry. 

Uzoma Dozie, Diamond bank’s chief executive officer, who confirmed the development in a statement released on Friday, said; 

“With this approval, the bank will cease to operate as an international bank,” Dozie had said.

“The re-licensing as a national bank supports Diamond Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian retail banking market, and the economy as a whole.

“The move follows Diamond Bank’s decision to sell its international operations, which included the disposal of its West African Subsidiary in 2017 and Diamond Bank UK, the sale of which is currently in its final stages.

“The change to national bank status also enables the bank to maintain a lower minimum capital requirement of 10 per cent, as against 15 per cent required for international banks.”

Reports of Access Bank acquiring Diamond Bank is coming, after Diamond bank recorded its worst month on record in November with share plunging to 0.61k per unit on November 30, 2018.

https://lailasnews.com/access-bank-acquires-diamond-bank/

lalasticlala

If you don't have a source to this story, na rumour be this.

Dey now have access to d bank

Lol

Could this be true.

Lol

Could this be true?

truly true

https://www.vanguardngr.com/2018/12/breaking-access-bank-acquires-diamond-bank/

No be who get money dey save am for bank.

Me wey be say I no get pass 700 both home and abroad wan dey open bank account.

Eyaaa

About time
I have wanted to change to access

I cant make international payments with their visa card

Wawu

Choi

Hope they won't retrench their staffs sha

Diamond bank female staffs fine sha

Main reason i opened an account with them

Good

Noted

Access Bank Ooooo, Diamond Bank Ooooo...

I no do...

Team first bank & Zenith Bank

This Emeka Dozie of a boy has destroyed his fathers legacy, partying and clubbing midair. doing 5some.

.

Change loading

Some set of ppu will loose deir jobs now

Na wao... And dem bin dey do job recruitment...

Diamond bank don cast buhari make everything hard never again

Not bad at all. It's a nice move

My condolences to diamond bank shareholders

Lord have mercy on the staff of diamond bank

rumours. Awaiting the true news

access just be getting fat....they're just acquiring banks like a4 paper

hmmm


i dey ok with GT and Zenith


considering firstbank for larger savings

My piggy bank name no fit change.

Realllyyyy....

Na fish dey swallow fish