Lagos, Jan. 6, 2021 The board of Access Bank Plc on Wednesday announced complete acquisition of Cavmont Bank Ltd by its Zambian subsidiary, Access Bank (Zambia) Ltd.
Mr Sunday Ekwochi, the bank’s Company Secretary, disclosed this in a statement made available to the News Agency of Nigeria (NAN) in Lagos.
Ekwochi said the acquisition was completed after the bank fulfilled the key conditions, including regulatory approvals.
“The merger of Cavmont into Access Bank Zambia is expected to take place before the end of January.
“Following which Access Bank Zambia will emerge as a stronger well-capitalised banking franchise with improved scale and capacity to deliver sustainable and best-in-class financial services in the Zambian market,” he said.