CBN grant’s approval in principle to Access-Diamond merger

The Central Bank of Nigeria (CBN) has granted an approval in principle to Access Bank plc, following its merger with Diamond Bank plc recently.

Victor Etuokwu, executive director, personal banking disclosed this on Monday at a press conference in Lagos.

He noted that the bank had gotten pre-merger approval and will receive the final approval after the extra ordinary meeting scheduled to hold next month.

“It is a merger. We have come together to complement each other to create a robust bank”, Etuokwu said.

He said the bank is currently in 15 countries and before the end of June it will have a franchise in Hongkong.

Hope Moses-Ashike