Access Bank Plc has announced that it had successfully completed the acquisition of Transnational Bank (Kenya) Plc following receipt of complete regulatory approvals and fulfilment of all conditions.
The Secretary of Access Bank, Mr Sunday Ekwochi, made the announcement while informing the investing public and the Nigerian Stock Exchange (NSE) in a statement posted on the website of the Exchange.
He said the bank’s entry into the Kenyan market, a key market in East Africa, was taking it closer to its vision of becoming the World’s Most Valued African Bank.
Ekwochi disclosed that the acquisition would offer the bank’s customers an opportunity to gain from its extensive global network.
He said this would translate into big business opportunities, efficient digital solutions, competitive products and a top-notch customer experience.
He quoted Mr Herbert Wigwe, the Group Managing Director and Chief Executive Officer of the bank, as pledging that the bank would always place customers first in all its dealings.
Wigwe said: “We are excited to make an entry into the vibrant Kenyan market. We pledge to put our customers at the forefront of everything we do.
“Through the creation of a world class payment system, we will build and support our wholesale and retail customers using our strong customer insights to deliver beyond their expectations.
“We are indeed grateful to the regulators for the confidence reposed in us throughout this transaction and we acknowledge the support of our team of world class advisors whose hard work made this deal possible.”
Access Bank is a top full-service commercial bank that operates through a network of over 600 branches in three continents, 12 countries and 36 million customers.
