Acess Bank Becomes African 5th Largest Bank in Botswana , Acquires 78 percent Stake.

Access Bank Plc has blazoned the accession of78.15 per cent stake in African Banking Corporation of Botswana Limited.

In a statement released to the Nigerian Exchange Limited and investing public inked by its company clerk, Sunday Ekwochi, the bank said the accession would form part of the bank’s relation point for trade and payments in Southern Africa and the larger Common Market for Eastern and Southern Africa region.

According to Access, BankABC is Botswana’s fifth largest bank with sustainable capitalisation and ballot to prop its growth in its original request. The accession would give an occasion for Access to emplace its digital platforms and product suites to profit BankABC Botswana’s guests and enable it contend effectively across its core business parts.

The Group Managing Director and Chief Executive Officer of Access Bank, Dr Herbert Wigwe, said that the accession would give significant solidarity through the combination of BankABC Botswana’s “ strong retail banking operations” with Access Bank’s noncommercial banking capabilities.

“ It'll also strengthen the quality of earnings through profit diversification and growth in the commercial and SME banking parts for BankABC Botswana,” he said.

Wigwe added that the combination would take Access a step further in its banking and commercial pretensions.