Access Bank acquires Kenya’s Transnational Bank

By Andrea Samuel

Access Bank Plc has urged its customers and the general public to disregard social media report of its shutting 340 branches nationwide.

Following its first announcement in October 2019, Access Bank Plc has announced the successful completion of the acquisition of Transnational Bank Plc, of Kenya (TNB).

The Bank made this known through a statement signed by its Company Secretary, Sunday Ekwochi.

“Access Bank Plc is pleased to inform the investing public and the Nigerian Stock Exchange of the Bank’s successful completion of the acquisition of Transnational Bank (Kenya) Plc

This follows the receipt of full regulatory approvals and fulfillment of all conditions precedent to completion,” the statement read.

Commenting on the acquisition, Herbert Wigwe, the Group Managing Director, Access Bank PLC, said, “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. Through the creation of a world class payment system,

we will build and support our wholesale and retail customers using our strong customer insights to deliver beyond their expectations.”