Access Bank PLC have recently acquired Diamond Bank PLC in a recent merger deal. According to a statement released by Diamond Bank, the merger aims to serve as a tool for enhanced banking in the country.
“We are delighted to announce that the Board of Diamond Bank has selected Access Bank as the preferred bidder with respect to a potential merger of the two banks that will create Nigeria and Africa’s largest retail bank by customers.
The Board of Diamond Bank believes that the merger is in the best interest of all stakeholders – customers, shareholders and employees – and has agreed to recommend the offer to Diamond Bank’s shareholders. The completion of the merger is subject to certain shareholder and regulatory approvals.”
