{"id":20211,"date":"2020-01-17T15:45:21","date_gmt":"2020-01-17T15:45:21","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=20211"},"modified":"2020-01-17T15:45:21","modified_gmt":"2020-01-17T15:45:21","slug":"access-bank-acquires-kenyan-lender-transnational-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank","title":{"rendered":"Access Bank acquires Kenyan lender Transnational Bank"},"content":{"rendered":"

The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were not disclosed.<\/p>\n

In December 2019, the central bank approved the transaction under Section 13 (4) of the Banking Act. The deal also received green light from the Cabinet Secretary, National Treasury, last week.<\/p>\n

In the statement, the central bank noted: \u201cThe acquisition is expected to strengthen the resilience of Kenya\u2019s banking sector.\u201d<\/p>\n

Transnational Bank started its operations in December 1985 and offers personal and business banking services in Kenya. Currently, the lender has 28 branches in the country.<\/p>\n

On the other hand, Access Bank was incorporated in 1989 in Nigeria. Currently, it is the largest lender in its home country with a total asset base of around $16.1bn.<\/p>\n

It also has operating subsidiaries in Democratic Republic of Congo (DRC), Gambia, Ghana, Nigeria, Rwanda, Sierra Leone and Zambia.<\/p>\n

The acquisition of Transnational Bank will further bolster its presence in the African continent.<\/p>\n

Access Bank also has a subsidiary in the UK and representative offices in China, the United Arab Emirates, Lebanon and India.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were not disclosed. In December 2019, the central bank approved the transaction under Section 13 (4) of the Banking Act. The deal also received green light from the Cabinet Secretary, […]<\/p>\n","protected":false},"author":62,"featured_media":12285,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[740,1316],"class_list":["post-20211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-apex-bank","tag-drc"],"yoast_head":"\nAccess Bank acquires Kenyan lender Transnational Bank - Nigeria<\/title>\n<meta name=\"description\" content=\"The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Access Bank acquires Kenyan lender Transnational Bank\" \/>\n<meta property=\"og:description\" content=\"The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-17T15:45:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Access Bank acquires Kenyan lender Transnational Bank\",\"datePublished\":\"2020-01-17T15:45:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank\"},\"wordCount\":188,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png\",\"keywords\":[\"Apex bank\",\"DRC\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank\",\"name\":\"Access Bank acquires Kenyan lender Transnational Bank - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png\",\"datePublished\":\"2020-01-17T15:45:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"description\":\"The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Access Bank acquires Kenyan lender Transnational Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\",\"name\":\"alico\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/alico\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Access Bank acquires Kenyan lender Transnational Bank - Nigeria","description":"The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank","og_locale":"en_US","og_type":"article","og_title":"Access Bank acquires Kenyan lender Transnational Bank","og_description":"The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were","og_url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank","og_site_name":"Nigeria","article_published_time":"2020-01-17T15:45:21+00:00","og_image":[{"width":200,"height":200,"url":"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png","type":"image\/png"}],"author":"alico","twitter_card":"summary_large_image","twitter_misc":{"Written by":"alico","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank"},"author":{"name":"alico","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"headline":"Access Bank acquires Kenyan lender Transnational Bank","datePublished":"2020-01-17T15:45:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank"},"wordCount":188,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png","keywords":["Apex bank","DRC"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank","url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank","name":"Access Bank acquires Kenyan lender Transnational Bank - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png","datePublished":"2020-01-17T15:45:21+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"description":"The deal, set to become effective on 1 February 2020, was announced by the Central Bank of Kenya (CBK). However, the terms of the acquisition were","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/07\/Access_Bank_Logo.png","width":200,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/access-bank-acquires-kenyan-lender-transnational-bank#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Access Bank acquires Kenyan lender Transnational Bank"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7","name":"alico","url":"https:\/\/www.africa-press.net\/nigeria\/author\/alico"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/20211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=20211"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/20211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/12285"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=20211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=20211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=20211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}