₦airaland Forum

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

This ones want to take their illegal deductions to Kenya

Now that will be great. Taking over Diamond Bank was a very good investment as well.

Nice one

Evil Bank, they have destroyed diamond bank for us

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

..

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.

Access bank on a mission to swallow another bank

Good for them......

This access bank, just swallowing everything; intercontinental bank, diamond bank and this one again

Oboy

Haa! Now it's going to be every hour system upgrade. Since the take over if diamond it has been a weekly stuffs

We're very proud of this!

My bank dey power o!

Kenya govt won't allow them to be charging their citizens crazily

How does it reduce the price of rice in the market?? ***local man is tired and can not can***

A good move by Access bank

ReubenE:
This ones want to take their illegal deductions to Kenya

Only if the Kenyan regulators keep a blind eye like their Nigerian counterparts.

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.

solmusdesigns:




Evil Bank, they have destroyed diamond bank for us


..

rescued actually

Access bank don finally run mad, they should please come and acquire me too D;

Good for them.

Too much mney no dey purge

ReubenE:
This ones want to take their illegal deductions to Kenya

I sha hope they know they can't outRUN the Kenyans.

Good

we dont feel rescued as thier customers, we need Diamond management back..

Access Network is quite crapy

ednut1:
rescued actually

Now they will have another problem of we not able to use the mobile app and any online transaction platforms for months

.

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.

Ride on Access bank

Check my signature

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