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Access Bank Acquires Grobank, South African Bank - Business (3) - Nairaland

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Re: Access Bank Acquires Grobank, South African Bank by kponkedenge(m): 4:25pm On Mar 31, 2021
Viknat:
thank u very much. These guys deduct money 50# twice ... Last Friday and yesterday, even when I no pay or withdraw. Dem say na account maintainance

They deducted over 1k from my account last week for card maintenance.... And now I'm reading they are acquiring another bank.
They are thieves.
Re: Access Bank Acquires Grobank, South African Bank by valentineuwakwe(m): 4:38pm On Mar 31, 2021
n.a. so so acquire una just dey acquire not to talk of making banking services better here in naija
Re: Access Bank Acquires Grobank, South African Bank by Nobody: 4:38pm On Mar 31, 2021
kponkedenge:


They deducted over 1k from my account last week for card maintenance.... And now I'm reading they are acquiring another bank.
They are thieves.
na wa o.na to close my account be that so
Re: Access Bank Acquires Grobank, South African Bank by Solsix(m): 4:57pm On Mar 31, 2021
bigtt76:
Becos den pay $60M? ...I don't think so though


They are the biggest bank in Nigeria since after acquiring diamond bank.

2 Likes

Re: Access Bank Acquires Grobank, South African Bank by Omoboricash(m): 5:46pm On Mar 31, 2021
Viknat:
am planning on closing it and opening with a better bank, may be zenith. I need an advice pls
Pls fcmb is better no hidden charges

1 Like

Re: Access Bank Acquires Grobank, South African Bank by jcflex(m): 6:08pm On Mar 31, 2021
Pierohandsome:
Deducting customers fund illegally,and use the proceed to acquire more banks.

Una Weldon oo access Fraud

30K illegally deducted on 31st of Dec,

funny enough, an expired card used for the transaction, Access bank believe I don't have the card again, dey tailor dey lier in that direction,
I provide the expired card, e choke dem, till today dem no gree answer me again,

I ensure I transfer all I have in that acct to another bank acct.

such a useless bank

1 Like

Re: Access Bank Acquires Grobank, South African Bank by munachiso58(m): 6:08pm On Mar 31, 2021
let them join d two banks . so that i can continue trading in luno
Re: Access Bank Acquires Grobank, South African Bank by adebankole74596: 6:13pm On Mar 31, 2021
I'm South African and I've never heard of GroBank.
Re: Access Bank Acquires Grobank, South African Bank by jcflex(m): 6:14pm On Mar 31, 2021
Factshunter:


God bless you. I am a victim o shocked

Victim of access bank illegal deduction are everywhere,

visit their customer care, u will definitely meet one or two people that are there to make complain abt illegal deduction,

funny enough Access bank will just waste person time without profiting any solution.

Access bank is the real definition of a fraudster
Re: Access Bank Acquires Grobank, South African Bank by Blackfriday: 6:20pm On Mar 31, 2021
kolexy:


Size does not mean anything. Go and study the financial of the 5 big banks - FUGAZ
Can you help educate us, cos the top banks i know in the world are measured by the strength of their assets.
Re: Access Bank Acquires Grobank, South African Bank by Blackfriday: 6:22pm On Mar 31, 2021
TMKsouth:
I'm South African and I've never heard of GroBank.
And they have been operating in south africa for 74 years...... How old are you?

1 Like

Re: Access Bank Acquires Grobank, South African Bank by mechanics(m): 6:22pm On Mar 31, 2021
Wow, congrats to them.
Re: Access Bank Acquires Grobank, South African Bank by Pierohandsome: 6:24pm On Mar 31, 2021
jcflex:


30K illegally deducted on 31st of Dec,

funny enough, an expired card used for the transaction, Access bank believe I don't have the card again, dey tailor dey lier in that direction,
I provide the expired card, e choke dem, till today dem no gree answer me again,

I ensure I transfer all I have in that acct to another bank acct.

such a useless bank
their name is Access,they access people's money without permission.

That is why they are access
Re: Access Bank Acquires Grobank, South African Bank by hush15: 6:27pm On Mar 31, 2021
Re: Access Bank Acquires Grobank, South African Bank by TMKsouth: 6:31pm On Mar 31, 2021
Blackfriday:
And they have been operating in south africa for 74 years...... How old are you?

grin grin I'm in my 30s. I see they just renamed in 2019 to GroBank from SA Bank of Athens. That one too I had never heard of before. Guys, this is a really small bank in SA terms but maybe farmers know about it.

Re: Access Bank Acquires Grobank, South African Bank by Blackfriday: 6:41pm On Mar 31, 2021
TMKsouth:


grin grin I'm in my 30s. I see they just renamed in 2019 to GroBank from SA Bank of Athens. That one too I had never heard of before. Guys, this is a really small bank in SA terms but maybe farmers now about it.

Anyway you just might be right and Access Bank is never going to buy the big banks in SA, they just need a smaller bank they can easily acquire a majority of the shares to gain an entry into the SA market.

2 Likes

Re: Access Bank Acquires Grobank, South African Bank by ppogba: 6:42pm On Mar 31, 2021
Afodot0022:
RUMOUR HAS IT THAT THEY PRESENTLY NEGOTIATING THE ACQUIRING OF UNION BANK PLC. THIS ACCESS BANK NA THE REAL BIG STRONG AND RELIABLE BUT THEY CAN USE STAFF ANYHOW SHA.

The rumour of ACCESS buying Union Bank is as old as mankind.

It is a dream that will not come to pass.

They have acquired left , right and center yet they are not amongst the top 3 most profitable banks in Nigeria.

Efficiency in doubt.
Re: Access Bank Acquires Grobank, South African Bank by ppogba: 6:44pm On Mar 31, 2021
Pclemenza:

I agree with you on this. Acquisition from left, right and center yet they don’t offer much value to their customers.

Not only their customers but also their shareholders.

1 Like

Re: Access Bank Acquires Grobank, South African Bank by TMKsouth: 6:45pm On Mar 31, 2021
Blackfriday:
Anyway you just might be right and Access Bank is never going to buy the big banks in SA, they just need a smaller bank they can easily acquire a majority of the shares to gain an entry into the SA market.

That's true. Nigerian companies have a tough time in SA so perhaps starting at the grassroots (excuse the pun) may be the winning formula.

I see Bank of Athens ranked 15th according to size back in 2018.

3 Likes

Re: Access Bank Acquires Grobank, South African Bank by Burruchaga71(m): 6:46pm On Mar 31, 2021
I've been in South for 23 years but never seen or heard about this bank

2 Likes

Re: Access Bank Acquires Grobank, South African Bank by Blackfriday: 7:00pm On Mar 31, 2021
TMKsouth:


That's true. Nigerian companies have a tough time in SA so perhaps starting at the grassroots (excuse the pun) may be the winning formula.

I see Bank of Athens ranked 15th according to size back in 2016.
15th, is that good or bad based on performance index in SA banks?

Please I want your view on reason why nigerian companies are doing poorly in the SA market.
Re: Access Bank Acquires Grobank, South African Bank by jcflex(m): 7:12pm On Mar 31, 2021
Pierohandsome:
their name is Access,they access people's money without permission.

That is why they are access

bad guy cheesy cheesy grin grin

1 Like

Re: Access Bank Acquires Grobank, South African Bank by oloshun(m): 7:20pm On Mar 31, 2021
Hongkog:
Omo it's like Access Bank is the Biggest bank oo

In the next 20 years, Access Bank will be a force to reckon with in Africa. The CEO is a visionary guy. The online banking will burst your brain when you discover that it is better and well equipped ith contents than some banks in the US. This is not an article, I am a living testimony.

1 Like

Re: Access Bank Acquires Grobank, South African Bank by TMKsouth: 7:22pm On Mar 31, 2021
Blackfriday:
15th, is that good or bad based on performance index in SA banks?

Please I want your view on reason why nigerian companies are doing poorly in the SA market.

15th out of (+-)20 in terms of size doesn't look good at first glance, but considering GroBank specialises in a niche market it could possibly be a leader in that sector, I don't have that info. But South Africans are very loyal to their bank so I don't see them migrating there in droves soon, in a market dominated by the so-called Big 4 Banks. Recent data shows it takes on average 3 decades for a South African to change banks.

As for why Nigerian companies fail in SA is due to a number of reasons if I recall well, mainly that of SA monopolies (think how MTN and DSTV operate in Nigeria for example), a Western model of doing business and issues around professionalism, and the lack of trust in Brand Nigeria among South Africans. What are your thoughts on this one?

Re: Access Bank Acquires Grobank, South African Bank by Studyinchina200(m): 7:33pm On Mar 31, 2021
Useless bank
Re: Access Bank Acquires Grobank, South African Bank by Topmaike007(m): 7:41pm On Mar 31, 2021
naijaboy756:
This bank strong o...

How they don't feel this APC hardship effect is a mystery
that's life.. Many people are cashing out in this situation
Re: Access Bank Acquires Grobank, South African Bank by DaSailor: 7:52pm On Mar 31, 2021
Pierohandsome:
Deducting customers fund illegally,and use the proceed to acquire more banks.

Una Weldon oo access Fraud

How do you mean illegally? lf it is why not report to CBN, CPC or ask why you were debited from the bank itself.

1 Like

Re: Access Bank Acquires Grobank, South African Bank by DaSailor: 7:59pm On Mar 31, 2021
Pierohandsome:
their name is Access,they access people's money without permission.

That is why they are access

Nobody accesses your money without permission, there is always an explanation for debits on customers accounts.

1 Like

Re: Access Bank Acquires Grobank, South African Bank by 11doubledee: 8:20pm On Mar 31, 2021
Pierohandsome:
Deducting customers fund illegally,and use the proceed to acquire more banks.

Una Weldon oo access Fraud
I think say na only me o
Re: Access Bank Acquires Grobank, South African Bank by ghettochild(m): 11:42pm On Mar 31, 2021
Capnd143:


Source: www.premiumtimesng.com/news/top-news/452251-access-bank-acquires-third-bank-in-eight-months-takes-over-south-africas-grobank.html
Funny enough i havnt heard or seen this bank
If its not capitec..fnb..standardbank.absa.africanbank and this new online bank called discovery.then maybe na agro bank

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