Top Nigerian Bank to Buy South African Lender in Expansion Push

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The Bidvest Bank office building in Johannesburg.
Photographer: Waldo Swiegers/Bloomberg

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By Adelaide Changole

December 12, 2024 at 10:00 AM UTC

This article is for subscribers only.

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million) to help Nigeria’s biggest lender by assets expand in South Africa.

Purchasing the lender from Bidvest Group Ltd. takes Access Bank, a unit of Access Holdings Plc, closer to its 2027 goal of becoming one of the continent’s largest lenders.