Access Bank to acquire Bidvest Bank for ZAR2.8bn.

Access Bank, a Nigerian multinational commercial bank, agreed to acquire Bidvest Bank, a South African business niche bank, for ZAR2.8bn. “This acquisition supports our ambition to expand across Africa and solidify our presence in key markets, with South Africa being a top priority. Bidvest Bank provides a unique opportunity to blend its strong local expertise with Access Bank’s robust trade and retail banking capabilities, creating a platform for long-term growth and value creation,” Roosevelt Ogbonna, Access Bank Managing Director.