Access Bank, Diamond Bank Officially Merge, Unveil New Logo

  • Access Bank, Diamond Bank Officially Merge, Unveil New Logo

Access bank has released its new logo post-merger with Diamond Bank.

The leading financial institution unveiled its new brand at the Eko Hotel & Suites, Lagos on March 31.The merger between the two banks has created a Nigerian banking powerhouse and a pan-African financial services leader.

Presently, Access Bank is the largest retail bank in Africa by customer base, 29 million customers with 27,000 staff across 592 branches in three continents and 12 countries.

The bank’s new logo and slogan, more than banking, will be visible from April 1, 2019.

Explaining the visual identity, the Bank said: “It fuses together the best of Access Bank and Diamond Bank. It builds on the layers of meaning that were built into two iconic brands. Diamond Bank’s was youthful, vibrant and human.

“The diamond shape is fused into the three chevrons, which radiate in all directions to create layers around a core. The retention of the access typeface, colour and font is complemented by the orange logo, which draws from the colour palettes of both banks.

“The use of the diamond colour palette is further emphasised with the dominance of green in its retail application, ensuring continuity for retail customers, whilst the dominant orange in the corporate application provides the same sense of familiarity to Access Bank’s customers.

“Almost twenty years ago, Access Bank set out to change the face of banking in Nigeria. Its goal was to lift the continent of Africa through what it called sustainable banking, showing individuals and businesses across the country that ethical business was good business.

“Providing African businesses with access to intra Africa trade and global markets. Giving budding entrepreneurs the tools to build a business. Offering families the opportunity to realise their dreams. Across the country, another entrepreneur was also building a Bank, with a dream that went beyond banking.

“We wanted to respond to changing lifestyles by using innovation and technology to support societal shifts. With a focus on personalised service that understood people’s desires and ambitions and made them possible.

“These two banks, one a corporate titan, the other a digital retail powerhouse, have come together to create Africa’s largest Bank. For both, the philosophy remains unchanged.”

In the deal, shareholders of Diamond Bank Plc got a cash consideration of N1 per share and two ordinary shares from the merger for every seven ordinary shares of Diamond Bank held effective from March 19, 2019.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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