Access Bank Plc has taken over Grobank Limited and named it Access Bank South Africa Limited after completing all regulatory procedures.
According to a statement, Access Bank recently acquired controlling shares in Grobank of South Africa.
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Commenting on the takeover, the Group Managing Director/CEO of Access Bank, Herbert Wigwe, at the ceremony in Sandston, South Africa yesterday, said: “Today’s ceremony in South Africa seals our commitment to delivering our strategic aspirations of becoming Africa’s Gateway to the World, in line with our vision to be the World’s Most Respected African Bank.
“We look forward to the many opportunities our collective experience and deep understanding of the African market brings to our valued clients, and the journey ahead being one of great promise for our institution and the continent.”
On his part, the CEO of Grobank, Bennie van Rooy said, “Banking with Access Bank South Africa means greater security as well as access to more products and services through a best-in-class digital platform, and a full retail banking suite will soon be on offer.”
Access Bank has over 600 branches and service outlets across 12 countries with 31 million customers.