Access Bank acquires African Banking Corporation of Tanzania (ABCT) to expand in East Africa and merge with Standard Chartered Bank Tanzania.
Nigeria's Access Bank has completed the acquisition of African Banking Corporation of Tanzania (ABCT) as part of its strategic expansion goals. ABCT will be merged with Standard Chartered Bank Tanzania's consumer, private, and business banking operations to create a new entity known as Access Bank Tanzania. The acquisition aims to strengthen Access Bank's presence in East Africa and support its aspiration to become the world's most respected African bank.
June 10, 2024
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