Access Bank completes acquisition of ABC Tanzania after 12 months
- Access Bank completes acquisition of African Banking Corporation of Tanzania (ABCT) Limited
- Access Bank plans to merge ABCT with Standard Chartered Bank Tanzania to form Access Bank Tanzania
- Access Bank aims to establish a strong foundation for intra-African trade within East Africa and beyond
The acquisition of African Banking Corporation of Tanzania by Access Bank is a strategic move that strengthens Access Bank's presence in East Africa and expands its reach in the region. By merging ABCT with Standard Chartered Bank Tanzania, Access Bank is positioning itself to become a major player in the Tanzanian banking sector. This acquisition aligns with Access Bank's vision of driving positive change and growth in the country, and it opens up new revenue opportunities in trade and payments for East African customers.
