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Access Bank Zambia has announced that it has completed the aquisition of Cavmont Bank Limited following conclusions of key conditions precented including regulatory approvals.

The subsequent merger of Cavmont into Access Bank is expected to take place before the end of January 2021.

In a statement made available to The Independent Obsever, Access Bank Head of Corporate Communications and Customer Experience Shelly Akyeh said Access Bank will emerge an even stronger capitalised banking operation with improved scale capacity to provide best-in-class financial services in the Zambian market.

“Growing our presence in Zambia remains a strategic priority and with the conclusion of the proposed merger with Cavmont, the Bank is looking forward to realising the synergies from the transaction and achieving futher growth to benefit it’s stakeholders,” she said.