<\/p>\n
Grobank Limited has been officially renamed Access Bank South Africa Limited, this followed the completion of all regulatory procedures.<\/span><\/strong><\/p>\n <\/p>\n The deal was finalized after Access Bank\u2019s acquisition of controlling shares in the former Grobank Limited, South Africa.<\/span><\/p>\n <\/p>\n With this development, Access Bank South Africa Limited is positioned to deliver a robust banking operation that connects key African markets.<\/span><\/p>\n <\/p>\n At an official closing ceremony in Sandton on Monday, top executives of the two banks were upbeat about new opportunities for clients, noting that the Bank will continue to support all its stakeholders, while opening doors to growth both in the short and long term.<\/span><\/p>\n <\/p>\n CEO of Grobank Bennie van Rooy said, \u201cThis is an extremely exciting day for the South African banking industry. Our corporate customers will now have increased access to trade finance, treasury, international payments and loans through the wider distribution network offered by Access Bank\u2019s presence in the key trade corridors that connect Africa to the rest of the world.<\/span><\/p>\n <\/p>\n \u201cBanking with Access Bank South Africa means greater security as well as access to more products and services through a best-in-class digital platform, and a full retail banking suite will soon be on offer.\u201d<\/span><\/p>\n <\/p>\n CEO of Access Bank Plc, Herbert Wigwe said: \u201cToday\u2019s ceremony in South Africa seals our commitment to delivering our strategic aspirations of becoming Africa\u2019s Gateway to the World, in line with our vision to be the World\u2019s Most Respected African Bank.<\/span><\/p>\n <\/p>\n \u201cWe look forward to the many opportunities our collective experience and deep understanding of the African market brings to our valued clients, and the journey ahead being one of great promise for our institution and the continent.\u201d<\/span><\/p>\n <\/p>\n Access Bank Plc. is a leading full-service commercial Bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 31 million customers. The Bank employs 28,000 people in its operations in Nigeria and has subsidiaries in Sub-Saharan Africa and the United Kingdom (with a branch in Dubai, UAE) and representative offices in China, Lebanon and India.<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Grobank Limited has been officially renamed Access Bank South Africa Limited, this followed the completion of all regulatory procedures. The deal was finalized after Access Bank\u2019s acquisition of controlling shares in the former Grobank Limited, South Africa. With this development, Access Bank South Africa Limited is positioned to deliver a robust banking […]<\/p>\n","protected":false},"author":1,"featured_media":1020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8],"tags":[506,621,201],"class_list":["post-1019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-access-bank","tag-grobank","tag-south-africa"],"yoast_head":"\n