The Board of Diamond Bank PLC has announced plans to merge its operations with Access Bank.
The bank disclosed this in a statement on Monday by the company’s Secretary and Legal Adviser, Uzoma Uja.
According to Diamond Bank, the decision follows a strategic review leading to a competitive process, as the preferred bidder with respect to a potential merger of the two banks (“the merger”) that will create Nigeria and Africa’s largest retail bank by customers.
“The Board of Diamond Bank believes that the merger is in the best interest of all stakeholders including, employees, customers, depositors and shareholders”.
Check out the message below from the Bank to his Customers:
We are delighted to announce that the Board of Diamond Bank has selected Access Bank as the preferred bidder with respect to a potential merger of the two banks that will create Nigeria and Africa’s largest retail bank by customers.
The Board of Diamond Bank believes that the merger is in the best interest of all stakeholders – customers, shareholders and employees – and has agreed to recommend the offer to Diamond Bank’s shareholders. The completion of the merger is subject to certain shareholder and regulatory approvals.
As our esteemed customer, our ways of doing business and serving you remain uninterrupted through this period. Our Contact Center, branches and electronic touch points (Mobile App, Diamond Online, Chatbot – Ada, *426# and ATM) are fully operational to serve you optimally.