Nigerian lender Access finalises Transnational buyout in Sh1.4bn deal

A customer at the Transnational Bank branch on City Hall Way in Nairobi. FILE PHOTO | NMG

Nigerian top lender Access Bank has completed the acquisition of majority stake Transnational Bank in a Sh1.4 billion deal that had received regulatory nod mid-January.

The board of Access Bank announced yesterday that it had acquired 99.98 per cent in the small bank, promising to bring competitive products and new customer experience.

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