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Access Bank has acquired Kenya’s National Bank in a $100M deal, signaling its bold expansion into East Africa’s competitive banking market.
This strategic pivot is intended to address concerns among some shareholders and analysts who, despite the bank's significant expansion, have deemed its stock undervalued.
“My expectation is that before the end of the third quarter, we should see significant progress made on the NBK transaction. Without a doubt, it will be a 2025 play,” Ogbonna stated
"Yesterday after service, I was typically stranded due to a bank’s negligence," one of the customers told Condia on Monday.
The upgrade is crucial for managing the data of Access Bank’s more than 60 million customers across 23 countries
Malta's robust financial sector, which grew by nearly 12% between 2022 and 2023, make it an attractive destination for Access Bank
The banking group that boasts over 60 million customers has been on an acquisition drive as far back as 2018
This deal indicates Access Bank's successful acquisition of ABC Tanzania, which is part of the lender’s strategy to expand its footprint in East Africa.
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