How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. (1806 Views)
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| How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 7:05pm On Mar 31, 2021 |
Nigeria's biggest lender Access Bank has invested around $60 million to acquire a stake in South Africa's Grobank to become the first Nigerian lender to venture into South Africa. https://www.nairaland.com/6485512/access-bank-acquires-grobank-south GroBank is focussed on supporting the food and agriculture value chain in South Africa, comprising business ranging from farms to food manufacturers, retailers, transporters, importers / exporters and more. In 2019 the bank changed its name from South African Bank of Athens established 74 years ago, to GroBank. Here's how the bank ranked in 2018 on the list of local banks in SA.
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| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 7:32pm On Mar 31, 2021 |
SA Bank of Athens now trades as GroBank. 1 Like
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| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by doggedfighter(f): 7:32pm On Mar 31, 2021 |
What's your point? |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 7:36pm On Mar 31, 2021 |
doggedfighter: Should they have acquired a bigger bank or do they see growth potential in the agricultural banking sector instead? What's the strategy coz this is a rather low-key acquisition. |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 8:12pm On Mar 31, 2021 |
New data shows it takes a lot to get South Africans to change banks. So will Access Bank be able to grow customer numbers?
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| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by forgiveness: 8:16pm On Mar 31, 2021 |
TMKsouth: But that’s changed . |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 9:01pm On Mar 31, 2021 |
forgiveness: Gradually changing. So it's a long term investment I guess. Needs patience. |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by Depressed101: 9:23pm On Mar 31, 2021 |
TMKsouth:oga this is million dollar deal,are you saying you Google search research is better than the one they did... access bank is a billion dollar company ,I am sure they did their due diligence before going for that bank... |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by Monogamy: 9:28pm On Mar 31, 2021 |
 The size of the acquisition company does not really matter.. What's important is how much money access bank is planning to invest on their new acquisition... |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by Iceyjayz: 9:56pm On Mar 31, 2021 |
This jobless SA guy is here again 1 Like |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by Iceyjayz: 9:57pm On Mar 31, 2021 |
Depressed101:The guy doesn't have sense, I've never seen a very jobless south African guy like him. always creating stupid threads |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by saintmm(m): 10:13pm On Mar 31, 2021 |
hope the investment paid off at last. wishing them more acquisition!!! I rise |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by chrisblack: 10:18pm On Mar 31, 2021 |
See Nigerian's with their potopoto mentality. Nigerian banks leaving the their own country to invest in others. Nigerian farmer's and businesses are usually the losers. Charity they say start for your backyard. |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 5:25am On Apr 01, 2021 |
Iceyjayz: 
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| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 5:37am On Apr 01, 2021 |
Iceyjayz: As a South African I've never heard of GroBank.
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| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by Iceyjayz: 10:39am On Apr 01, 2021 |
TMKsouth:And so? get a life bro. |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by SavageResponse(m): 12:02pm On Apr 01, 2021 |
I have a sneaky suspicion that this South African Bank which Access Bank just acquired is a deadweight...I would like to see their financial reports for the last 5 years 2 Likes |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by TMKsouth: 5:06pm On Apr 01, 2021 |
Iceyjayz: Ain't your bro. |
| Re: How Big Is Access Bank's South Africa Acquisition? See its SA Ranking. by Nobody: 9:34am On Apr 02, 2021 |
TMKsouth: AccessBank isn't the largest bank in Nigeria. It's not even in top 3. 1 Like |
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