ACCESS BANK ZAMBIA LTD COMPLETES ACQUISITION OF ATLAS MARA, CREATES ONE OF ZAMBIA’S TOP FIVE BANKS

Access Bank Zambia Limited (“Access Bank”) announced today that it has completed its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia (“Atlas Mara”) after obtaining all requisite regulatory approvals. Atlas Mara is now a wholly owned subsidiary of Access Bank Zambia. Following this regulatory milestone, the two banks will continue to operate separately until all integration related processes are finalised. Once the merger is complete, the combined entities will become one of Zambia’s top five banks by revenue with prospects to be in the top three…

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