Diamond Bank's merger: Access Bank increases capital raising to $457m

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 69%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Access Bank said it has received regulatory approvals to raise up to $457M, equivalent to about N165.58b, in tier 11 capital & equity funds to ensure that the post-merger entity has robust capital buffer in line with national & international requirements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Details emerge of Access Bank, Diamond Bank merger, to create Africa’s largest retail bank - Daily Post NigeriaLagos, Nigeria, 19 December 2018 – The Boards of Access Bank Plc (“Access Bank”) and Diamond Bank Plc (“Diamond Bank”) today announce that they have receiv
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Merger: Free ATM services for Diamond Bank, Access Bank customers - Premium Times NigeriaIt implies that customers can presume that the banks are one, even as their merger negotiations still remain ongoing. Good development The bank opens the way for a free ATM sevice that is -1000 from every customer
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Amidst merger talks with Access Bank, Diamond Bank appoints new board chairman - Premium Times NigeriaThe board of directors of Diamond Bank has announced the appointment of Dele Babade as the acting chairman of the board.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Access Bank shareholders to discuss acquisition of Diamond Bank - Premium Times NigeriaThe management of Access and Diamond banks officially announced their proposed merger on December 17. Am not understanding, get me my 👓 Nkechi This is not a good news at all considering the potential job losses the deal could bring about, although it could be that it might have saved a worst situation
Source: PremiumTimesng - 🏆 3. / 78 Read more »

‘Access Bank Has Enough Financial Capacity To Commensurate Diamond Bank Merger’Access Bank said it has enough financial capacity to commensurate Diamond Bank merger with the bank. Also, the bank said it will be issuing about 6.62 billion shares to Diamond Bank shareholders in bringing them to the new larger entity. In a press briefing in Lagos, the chief executive of Access Bank, Herbert Wigwe said […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Diamond Bank confirms merger with Access Bank, gives reasons - Daily Post NigeriaDiamond bank has confirmed its merger with Access Bank Plc, stating that the development is in the best interest of all stakeholders including, employees, Best combination am looking forward to their achievements in banking sector in Africa Papi_joey1 Waffgidi_boi Merger? I thought it was an acquisition by access
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Diamond Bank confirms merger with Access Bank - Vanguard News NigeriaThe board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc expected to be completed in first half of 2019. Diamond bank merging with Access bank. All i can say about Access is that they look small but mighty. What should I believe Access Bank acquire Diamond Bank or Diamond Bank confirms merger with Access Bank.
Source: vanguardngrnews - 🏆 5. / 75 Read more »