• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Sunday, February 5, 2023
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Nigeria’s Access Bank Completes Acquisition of Transnational Bank

Wandiri GitogobyWandiri Gitogo
January 17, 2020
in Kenyan News, African News, Banking
Reading Time: 2 mins read
Access Bank Transnational

Nigerian lender, Access Bank has completed 100 per cent acquisition of Kenyan Tier3 lender, Transnational Bank effective February 1, 2020.

Central Bank of Kenya (CBK) reports that the deal fell through following approvals by relevant bodies. Cbk gave a nod on 24 December 2019 with Treasury the following suit on January 6 2020.

In addition, Access Bank will have access to 28 branches across the country setting its foothold in Kenya.

Fj8qeFoXkAEPAzj
ADVERTISEMENT

READ ALSO: Nigeria’s Access Bank to Acquire Transnational Bank of Kenya

Furthermore, the Kenya operations will add to other subsidiaries in the Democratic Republic of Congo(DRC), Gambia, Ghana, Rwanda, Zambia, Sierra Leone, and United Kingdom.

Access Bank is Nigeria’s largest bank with a total asset base of approximately USD16.10 billion (Ksh1.61T).

This marks another major mergers and acquisitions deal in the banking sector in the last one year. In 2019, there was KCB-National Bank takeover and NIC-CBA merger.

Related

Central Bank expects more Consolidation in Kenya’s Banking business


Previous Post

Mumias Sugar Set to Revive Production

Next Post

UK Offers £15 Million for Africa’s Infrastructure

Related Posts

Flutterwave Raises $250 Million in Series D Funding

Kenyan Govt Drops charges of financial impropriety against Flutterwave

February 5, 2023
Egypt

Egypt’s Cental Bank Keeps Interest Rate Unchanged Despite Rising Inflation

February 3, 2023

Zimbabwe Cuts Interest Rate to 150% as Inflation Falls

February 3, 2023

NSE Amends Trading Regulations to Accommodate Block Trades

February 5, 2023

Unlock Global Investment Opportunities at Amalga’s 1st Africa Investors summit – Nairobi

February 3, 2023

Kenya to Begin Exporting High Value-added Tea to Australia

February 2, 2023

Mawingu Secures KES 1.12 Billion to Expand Fixed Internet Services

February 2, 2023

Esther Masese Waititu Appointed as Chief Financial Services Officer

February 1, 2023
Load More
Next Post
future of strategic transport

UK Offers £15 Million for Africa's Infrastructure

Follow Us

  • 163.1k Followers
  • 3.6k Subscribers
  • 1.2k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In