{"id":10817,"date":"2021-12-15T16:17:37","date_gmt":"2021-12-15T16:17:37","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=10817"},"modified":"2021-12-15T14:56:46","modified_gmt":"2021-12-15T14:56:46","slug":"bancabc-mozambique-gives-way-to-access-bank-on-the-21st-carta","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bancabc-mozambique-gives-way-to-access-bank-on-the-21st-carta","title":{"rendered":"BancABC Mozambique gives way to Access Bank on the 21st \u2013 Carta"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>The ABC (African Banking Corporation) Mozambique bank, ranked eighth in terms of total assets in the country, on Friday announced its merger, as of December 21, with Access Bank.<\/p>\n<p>\u201cHaving obtained all legal and statutory authorisations and consents for the purposes of the merger\u201d, it \u201cwill culminate in the extinction of the ABC Mozambique bank on December 21, 2021\u201d, reads a statement.<\/p>\n<p>Nigeria-based Access Bank started operations in Mozambique in September, 2020, and announced at the time the acquisition of ABC, together creating the \u201cseventh largest bank in Mozambique\u201d, majority-owned by the Nigerian bank.<\/p>\n<p>The ABC bank has a presence in six provinces in Mozambique.<\/p>\n<p>The amounts of the deal were not disclosed.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. The ABC (African Banking Corporation) Mozambique bank, ranked eighth in terms of total assets in the country, on Friday announced its merger, as of December 21, with Access Bank. \u201cHaving obtained all legal and statutory authorisations and consents for the purposes of the merger\u201d, it \u201cwill culminate in the extinction of the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":10816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-10817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BancABC Mozambique gives way to Access Bank on the 21st \u2013 Carta - 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