The Chief Executive Officers of the Diamond Bank and Access Bank, have on Tuesday announced that the Access-Diamond merger deal has gotten shareholder approvals for merger.
“Following receipt of High Court permission and SEC and CBN regulatory approvals, the merger between Access Bank and Diamond Bank will proceed as planned”, said the two CEOs, Uzoma Dozie (Diamond Bank) and Herbert Wigwe (Access Bank) in a statement.
They further hinted that at this stage, they expect to launch the new enlarged Access brand and officially start operating as one business on April 1st.
Part of the statement read thus, “We’re delighted that shareholders of both companies supported the merger. It is testament to what we have said before: together we are stronger and can offer more opportunities for our employees, more products and services for you, our customers, and more benefits for all our stakeholders.
“This approval puts us a step closer to becoming a bigger, better and stronger Access Bank, one of Africa’s largest banks by number of customers.
“Our team of brand experts have been busily working in the background and are making good progress to create a brand that is a fusion of Access Bank and Diamond Bank”.
They noted also, that the new brand will reflect both banks’ shared purpose to help people achieve their dreams and, in doing so, for Africa to take its place on the world stage.
According to them, “As you know from our last message, we’re looking at expanding XclusivePlus and DiamondXtra to increase benefits and payouts as well as growing our branch network to offer even more convenience.
“Creating even higher standards of customer service is one of our priorities with this proposed merger. And with Access Bank’s financial strength and prudence, you can be rest assured that your savings are safe.
“We’ll continue to keep you updated as the merger process evolves. We’re excited to unveil the new enlarged Access Bank soon and offer even more to you”, they said.