Stakeholders reach final decision on Access, Diamond Banks merger - Daily Post Nigeria

The News Agency of Nigeria reports that the shareholders gave the approval at an Extraordinary General Meetings of both banks held in Lagos.

“With the final merger of both banks and the status of the resulting entity as ‘the largest bank in Africa’s largest economy,’ this greatly bolsters the bank’s brand, opening doors of opportunity both in local and international markets,” he said. “As a continental financial force, it is set to attract more opportunities such as trade finance from international partners seeking multinational lenders with local intelligence,” he said.

He noted that the enlarged Access Bank’s breath scale and product range will further accelerate the financial inclusion agenda that Access Bank and Diamond Bank had pursued separately. Adeleke said that the shareholders were in support of the plan that would give birth to one of the largest bank in Africa.

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Access Bank, Diamond Bank shareholders approve merger - Premium Times NigeriaThe merger is expected to produce the largest banking group in Africa based on its number of customers with more than 29 million customers.
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Access Bank, Diamond Bank shareholders approve merger - Vanguard News NigeriaShareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously approved the merger of both financial institutions aimed at creating a formidable force.
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