Access Bank Plc unveils a new logo - officially becomes one of Africa's largest banks

Access Bank Plc has unveiled a new logo and tagline in a move that officially made it Nigeria's largest retail bank and one of such in Africa.

Access Bank Plc's new logo unveiled at the Eko Hotel and Suites, Sunday, March 31, 2019 (The Nation Online)

The new brand was unveiled at the Eko Hotel & Suites on Sunday night, marking the end of the merger process between Access and Diamond Bank after 3 months of legal and regulatory processes. 

This followed the final approval by the Central Bank Of Nigeria (CBN) and the Securities and Exchange Commission (SEC) two weeks ago, finalising the merger process between Access Bank and Diamond Bank Plc.

The two banks announced the merger scheme in December 2018, a move that absorbed Diamond Bank Plc's assets, liabilities and undertakings and transferred to Access Bank.

In the deal, shareholders of Diamond Bank Plc got a cash consideration of N1 per share and two ordinary shares from the merger for every seven ordinary shares of Diamond Bank held effective from March 19, 2019.

The new enlarged banking entity begins operation today, Monday, April 1, 2019.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Fred Obachi Machoka’s heartfelt message to his wife of 41 years [Photos]

Fred Obachi Machoka’s heartfelt message to his wife of 41 years [Photos]

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

Diana Marua hospitalized, Bahati gives update [Photos]

Diana Marua hospitalized, Bahati gives update [Photos]

Zari Hassan lectures Tanzanians over her viral black innerwear video

Zari Hassan lectures Tanzanians over her viral black innerwear video

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

Yvette Obura’s heartwarming message to Diana Marua excites Kenyans

Yvette Obura’s heartwarming message to Diana Marua excites Kenyans

Emotional Harmonize exposes Diamond as their beef heats up [Video]

Emotional Harmonize exposes Diamond as their beef heats up [Video]

Nick Ndeda talks relationship with Betty Kyallo & why he keeps his kids private

Nick Ndeda talks relationship with Betty Kyallo & why he keeps his kids private