Access Bank Plc. The Nigerian lender paid KSh1.4 Billion for the acquisition. History. Send and receive email to and from Absa. Access Bank:: Speed, Service, Security. At I&M Bank, we are on your side and we care about you and your personal data. Carry out foreign exchange transactions. Nigeria’s Access bank has today launched its operations in Kenya after acquiring a 99.9% stake in privately owned Transnational Bank of Kenya. This site uses cookies to optimize functionality and give you the best possible experience. Access Bank has acquired Kenya’s Transnational Bank. Access exclusive investment opportunities. However, Access Bank and Transnational did not confirm the deal. Access Bank Plc is a leading full-service commercial Bank operating through a network of more than 600 branches and service outlets, spanning 3 continents, 12 countries and 36 million customers. The notice which was disclosed in a corporate disclosure on the Nigerian Stock Exchange read, “The Bank’s vision is to be the World’s Most […] Obinna Chima Access Bank is set to acquire the Transnational Bank Limited of Kenya. {{'AUTHENTICATION.LOGOUT_BTN'| translate}} {{ 'LANDING.TEXT_SIZE' | translate }} A A Access Bank Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Latest news and information from the World Bank and its development work in Kenya. Access your account 24/7 from anywhere in the world. Access Bank Approves to Acquire Kenya’s Transnational Bank Access Bank Plc, one of Nigeria’s largest bank, on Friday received approval from the Competition Authority of Kenya to acquire Transnational Bank Ltd. Access Bank will acquire 93.57 percent of Transnational Bank Ltd as the Central Bank of Kenya moves to consolidate the nation’s banking industry pace. At Access Bank, we will help you accumulate that extra income and grow your funds through our different savings options. completes its acquisition of Transnational Bank Plc., following its earlier announcement on October 28th 2019 as well as its receipt of full regulatory approvals and fulfilment of all conditions precedent to completion. Our Focus Is You. The higher Interest earned on these accounts will increase your chances of reaching your financial goals whatever your reasons are for saving. The Central Bank of Kenya (CBK) announced on Friday 17 January the acquisition of “up to 100% of the shareholding of Transnational Bank Plc by Access Bank”. Access Bank Kenya (ABK), whose complete name is Access Bank Kenya Plc, formerly Transnational Bank Kenya Limited, is a commercial bank in Kenya. KENYA – Access Bank Plc, one of Africa’s leading financial institutions has expanded its footprint across the African continent with the official launch of its Kenya subsidiary.. We have to strengthen the resilience of Kenya’s banking sector and reposition the country’s economy for growth,” said Access Bank Kenya Managing Director David Aluko. It has made numerous banking features accessible for customers that can’t afford a smartphone. Earlier this year, Access Bank and Diamond Bank merged to form a leading Tier 1 Nigerian bank; spanning three continents, 12 countries and 29 million customers. Link your accounts (both credit card and additional bank accounts). Requirements for Using Access Bank Code {901} Bank Account: You must have a Naira denominated account with access bank. Johnson Okafor. Access Bank Plc on Monday announced the completion of the acquisition of Transnational Bank (Kenya) Plc. Central Bank of Kenya grants Access Bank approval to acquire Transnational Bank of Kenya. It is a welcome development that all stakeholders are happy with, “Access Bank Kenya Country Managing Director, David Aluko said. According to bank officials, this step marks a step towards conquering the East African market and the African continent in general. KCB Receives GCF Accreditation to Fund Green Projects Nov 12 2020; KCB Group Plc Reports KShs.10.9B in Q3 Net Earnings Nov 11 2020; KCB Ranked 667 Globally, Top Bank in East Africa and Safest Bank in Kenya Oct 26 2020 Explore our website or visit us to learn more about our checking & savings, mortgages and much more. About Us; The Bank employs 28,000 thousand people in its operations in Nigeria, Sub Saharan Africa and the United Kingdom, with representative offices in China, Lebanon, India […] There are currently 28 Access Bank branches in Kenya—absorbed from the acquisition—and plans are in motion for new branches in Kiambu, Nyeri, Machakos, Kisumu, Nyandaura, Kakamega, Bungoma and Kisis. David Aluko_Country Managing Director, Access Bank Kenya “Access Bank’s entry into the Kenyan market holds great significance for the growth and improvement of the banking sector and for the Kenyan economy. It is licensed and regulated by the Central Bank of Kenya, the national banking regulator. The World Bank has been working closely with the Government of Kenya for many years and is committed to helping Kenya extend access to modern, affordable, reliable and clean energy. Accomplish your goals easily and go further with NCBA Bank. Access Kenya’s economy facts, statistics, project information, development research from experts and latest news. Last year, the bank reported an annual pre-tax loss of KES98.5m ($951,690). The bank, which is the largest in Nigeria by customer-size, had embarked on this path seven months after … Access bank ussd codes has made banking easier, faster and safer for its customers. 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