Access Bank access SA via GroCapital
Cape Business News May 20, 2021 CBN Audio: ACCESS Bank Plc has entered into a definitive agreement with GroCapital Holdings in October 2020 to invest into Grobank Limited over two tranches. Access Bank Plc has received the approval of the Prudential Authority of the South African Reserve Bank for the Bank’s transaction to obtain a controlling interest in Grobank Limited following its investment of Tier 1 capital into the Bank. This will enable Grobank to further accelerate its objectives around business diversification, improved operational efficiencies, talent retention a...
Source: cbn.co.za