By BUUMBA CHIMBULU
ACCESS Bank Zambia Limited has announced that its merger with Atlasmara Zambia is nearing conclusion.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”4,5,6″ ihc_mb_template=”2″ ]
The two banks will, for now, continue operating separately until the merging process has been concluded.
This is according to Lishala Situmbeko, Access Bank Zambia Limited Managing Director, in a statement issued on Monday.
The Bank of Zambia (BoZ) in March this year approved the Acquisition and merger of the two financial institutions.
Giving an update on the merger, Mr. Situmbeko said the transaction was nearing conclusion, and said the public would be informed once the process was finalised.
“Access Bank Zambia is part of the larger family that extends across Africa, China, India, the Middle East, the UK and France. We are an African Bank with a global footprint. We are present in 19 markets.
“Within Zambia, we have continued to build our brand and are focused on widening our footprint. We want to ensure that wherever you are, we are there for you,” Mr. Situmbeko said.
Meanwhile, Mr. Situmbeko said Access Bank Zambia was committed to collaborating with local authorities to unlock their potential and help grow the Zambian economy.
In his presentation at the Local Government Association of Zambia (LGAZ) Annual Conference held in Livingstone recently, Mr. Situmbeko said economies within municipalities were key for Zambia’s economic growth.
“The large enterprises in the private sector are important partners, however, we cannot ignore the emergent businesses and SMEs within the local communities. These directly impact the communities within which they operate.”
Mr. Situmbeko emphasised the need to address bottlenecks that impede local authorities from progressing to the level that enable them to significantly contribute to economic growth.
He said some of the bottlenecks faced by local authorities could be addressed through collaboration with financial institutions such as Access Bank Zambia.
[/ihc-hide-content]
