Home Business Access Bank Denies Union Bank of Nigeria Acquisition

Access Bank Denies Union Bank of Nigeria Acquisition

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Access Bank plc on Monday denied social media rumour of acquiring Union Bank of Nigeria plc.

The lender this year  had merged with Diamond Bank plc to become one of the leading financial institutions in the country with total assets cross N6 trillion.

The company secretary, Sunday Ekwochi in a statement on The Nigerian Stock Exchange (NSE) said, “our attention has been drawn to recent social media report of Access bank being engaged in talks to acquire Union Bank of Nigeria.

“The NSE and the general public are hereby advised to discountenance such rumour as same devoid of truth, the bank is not engaged in any discussion with Union Bank of Nigeria or any of its shareholders regarding any such transaction,” the statement.

 

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