Grobank renamed Access Bank after acquisition

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Grobank renamed Access Bank after acquisition – Grobank Limited has been renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.

With this development, Access Bank South Africa Limited is positioned to deliver a robust banking operation that connects key African markets.

At the closing ceremony in Sandton, top executives of the two banks were upbeat about new opportunities for clients, noting that the bank will continue to support all its stakeholders, while opening doors to growth opportunities both in the short and long term.

Read also: Access Bank Begins Operations in South Africa After Grobank Deal 

Grobank Chief Executive Officer, Bennie van Rooy said: “This is an extremely exciting day for the South African banking industry. Our corporate customers will now have increased access to trade finance, treasury, international payments and loans through the wider distribution network offered by Access Bank’s presence in the key trade corridors that connect Africa to the rest of the world.

“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.”

Group Managing Director/CEO of Access Bank Plc, Herbert Wigwe, 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.”




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About Sam Gabriel 1291 Articles
Samson Gabriel a graduate of mass communication from Auchi Polytechnic, he is a passionate writer with experience in radio scrip writing. He brings his experience from the broadcast media into play here as he continues to enjoy his passion as a journalist. He can be contacted via whats-app on: +234701105670

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