Herbert Wigwe talks about a recent accomplishment as Access Bank comes to an agreement to purchase another bank.
The management of Access Bank is attempting yet another audacious acquisition of a Ugandan bank that was established in 1984. The nearly completed acquisition will support Access Holdings’ ongoing efforts to increase its presence in more African nations. Access Bank currently ranks among the largest banks in Nigeria and operates in at least 20 other African nations.
Access Bank, has consented to purchase the majority of Finance Trust Bank Limited’s (FTB) Ugandan holdings. Access Holdings Secretary disclosed that a final agreement has been achieved in a statement signed by Sunday Ekwochi and filed on the Nigerian Exchange Limited (NGX) on Wednesday, January 17, 2024.
Following the completion of the acquisition of Atlas Mara in Zambia, this is Access Bank’s second significant transaction in as many weeks.