Access Holdings has entered into various agreements with Standard Chartered Bank (StanChart) to acquire the British Bank’s subsidiaries in four African markets, Nigeria’s biggest lender announced Friday.
Daily News 24 reports that this move signals Access Holdings most aggressive push for expansion beyond its home market Nigeria.
Recall that this ever happened since it commenced operation in Nigeria in 1989 as Access Bank.
According to PremiumTimes, StanChart’s banking operations in Angola, Cameroon, The Gambia and Sierra Leone are up for grabs by Access Holdings.
The financial services group’s takeover of African Banking Corporation (Tanzania) Limited (BancABC Tanzania) is also in the bag with a definitive agreement on the deal already in place.
