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Either in talks or not, the bank is having liquidity issues. The earlier they inform the stakeholders the better for them and the sector at large.
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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
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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.
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Diamond Bank Denies Acquisition Talks With Access BankDiamond Bank Plc yesterday denied reports that the bank was in discussions with Access Bank Plc over a possible acquisition. The bank in a release to the investing public on the Nigerian Stock Exchange (NSE) signed by the bank’s company secretary/legal adviser, Uzoma Uja described as rumour the purported ongoing discussions with Access Bank. It […]
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Diamond Bank, Access Bank Dispel Rumour Of Business Combination, Notify NSEDiamond Bank Plc and Access Bank Plc have notified the Nigerian Stock Exchange (NSE) and the general public that both banks are not in any merger or acquisition talks as being circulated in some media. The banks, in separate statements to the exchange on Monday, denied the rumours that they were engaged in merger and […]
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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
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‘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 […]
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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
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Mixed reactions trail Diamond Bank merger with Access Bank – Daily TrustDiamond Bank Plc shareholders on Monday expressed mixed reactions to its merger with Access Bank Plc. Daily Trust reports that board of Diamond Bank finally confirmed its acquisition with Access Bank Plc which is expected to be completed in first half of 2019.ADVERTISEMENT Both banks recently denied media reports of any business merger or combination. …
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