Nigeria’s Access Bank acquires Ugandan lender

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Access Bank Plc building in Accra, Ghana. PHOTO | ACCESS BANK PLC

Nigeria’s Access Holdings will acquire a 80 percent stake in Uganda's Finance Trust Bank Ltd in a transaction that will be closed in the first half of this year.

Access Holdings Plc is a Nigeria-based financial holding company with operations in various business segments including banking, consumer lending, payment services, insurance brokerage and pension fund administration.