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Access Bank Finalizes Acquisition of Standard Chartered’s Retail Business in Tanzania |
Access Bank PLC, a leading Nigerian financial group, has successfully completed its acquisition of Standard Chartered Bank’s retail banking and wealth management operations in Tanzania. The deal, officially concluded on June 20, 2025, marks a significant step in Standard Chartered’s ongoing strategic shift—initiated in 2022—to streamline its global presence by exiting select non-core markets. This divestment is part of the bank’s broader disinvestment strategy aimed at refocusing on priority regions.
