Regulators approve merger between Access Bank Zambia Limited and Cavmont Bank Limited

Lusaka, Zambia – Access Bank Zambia is pleased to announce today that it has completed the acquisition of Cavmont Bank Limited (“Cavmont”), following conclusion of the key conditions precedent including regulatory approvals. The subsequent merger of Cavmont into Access Bank Zambia is expected to take place before the end of January 2021 following which Access Bank Zambia will emerge an even stronger capitalized banking operation with improved scale and capacity to provide best-in-class financial services in the Zambian market.