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This is the bank’s fifth acquisition in four years.
In 2018, the lender acquired Diamond Bank through a merger and acquisition deal, completed in 2019.
In the fourth quarter of the same year, it acquired Transnational Bank (Kenya) Plc.
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In August 2020, the bank also announced the acquisition of Cavmont Bank Limited through a merger deal and finalised the process in January 2021.
It has also acquired Grobank in South Africa and now completed the acquisition of Mozambique’s African Banking Corporation.
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In a corporate filing on Tuesday, Sunday Ekwochi, Access Bank secretary, said Access Mozambique will now move towards integrating and merging BancABC Mozambique into its operations, “which is expected to create the seventh-largest bank in the Mozambican banking market.”