Access announces completion of merger with Atlas Mara


Access Bank has legally completed the merger with Atlas Mara, as it assumes all rights and obligations of Atlas Mara.

This development which took effect on April 30, 2024 follows completion of its acquisition earlier this year.

Access Bank Zambia Chief Executive Officer, Lishala Situmbeko, in his comment on the merger, explained that while the legal combination had been achieved, cards, cheque books and digital platforms for both banks would remain accessible for at least a year.

Read more: Bank of Zambia approves acquisition and merger between Access Bank and Atlas Mara Zambia

Situmbeko committed the bank to continue playing a central role in the country’s future through enhancing financial inclusion and empowering corporates, Small and Medium Enterprises (SMEs), women and the youth through its programme and proposition.

He said this in a statement on Saturday.

“I look forward to what the future holds and how, as a business, we can make a positive contribution to Zambia’s development. Our areas of focus are aligned to those of Zambia and the continent of Africa.

“Through our subsidiary network, Access Bank will evolve into a leader in international trade facilitation within the continent, providing seamless person to person intra-Africa funds transfer and inter-Africa trade facilitation,” he said.

Meanwhile, Atlas Mara’s acting Managing Director, Bobbline Cheembela, recognised employees as being a critical aspect of the success of the merger as they would be the ones to deliver the services and to engage stakeholders.

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