Access Bank Buys Sidian Bank Of Kenya.
This acquisition, according to Access Bank CEO Roosevelt Ogbonna, will enable Access to continue to enhance its presence in Kenya. This will be the Nigerian bank's second acquisition in Kenya if the deal goes through. Access Bank of Nigeria paid $12.8 million for 99.98 percent of Kenyan Transnational Bank (Ksh1.56 billion). Sidian has focused on SME and trade lending, growing its balance sheet from $162.2 million (Ksh 19 billion) in 2012 to $256.2 million (Ksh 30 billion) by the end of March 2022.
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