Access Bank is currently in an exclusive discussion with zambian bank,Cavmont Bank Limited to acquire 100 per cent equity stake in the Zambian bank.
Dr Herbert Wigwe, Group Managing Director, Access Bank Plc has said the bank’s strategic plan is to become the most important bank and gateway to Africa.
Access Bank had last year acquired Diamond Bank Plc in a merger that leapfrogged the first-tier commercial bank atop the retail banking segment.
While the discussions on the merger have reached advanced stage, Access Bank stated that there is no certainty yet on agreement or terms of the transaction, urging investors to exercise caution when dealing on its shares.
According to the bank, the completion of the transaction is subject to formal regulatory approvals.
“Access Bank will update the market as appropriate and in accordance with its disclosure obligations,” Access Bank stated.
