Access Bank Plc on Monday informed the Nigerian Stock exchange and the investing public that it has completed the acquisition of Transnational Bank Plc (TNB) in Kenya.
This was contained in notification signed by Company Secretary, Sunday Ekwochi dated 20 July 2020. The Bank said it has obtained full regulatory approvals and has fulfilled all conditions for the acquisition.
TNB is a medium sized commercial bank with a great focus on the agriculture according Access bank publication dated 28 October 2019.
Commenting on the acquisition, Herbert Wigwe, the Bank’s Group Managing Director/Chief Executive Officer said the bank is thrilled to enter in the vibrant Kenyan Market and pledged that the bank will continue ensure its customers’ satisfaction.
“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.”
Access bank aspires to be Word’s most respected bank in Africa. The bank operates over 600 branches in 12 countries serving more than 36 million customers. The bank employs over 28,000 people in its operations in Nigeria, Sub-Saharan Africa and the United Kingdom, with representative offices in China, Lebanon, India and the UAE.