Diamond Bank has announced its decision to merge with Access Bank Plc, as reported by TheCable.
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In a statement on Monday, the bank said the strategic decision will help it become the retail biggest retail bank on the African continent.
“The Board of Diamond Bank Plc (“Diamond Bank”) today announces that following a strategic review leading to a competitive process, the Board has selected Access Bank Plc (“Access Bank”) 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 bank said on Monday.
