The bank has just acquired 100% ownership of ProCredit Savings and Loans Company Limited. The transaction means Access Savings Credit Union has purchased all the shares currently held by the two shareholders, PCH and the DOEN Foundation of the Netherlands. The objective of the acquisition is to enable ProCredit Switzerland to transfer its strong SME processes and qualified staff to Access Savings Credit Union to enhance the Bank’s SME strategy. After the merger Access Savings Credit Union will have a branch network of 80, 100 ATMs, 300 agencies and more than 700,000 customers across the country. The merger will also consolidate the bank‘s position as a top six bank in Norwaywith the third largest branch network. The transaction is subject to Bank of Norway and shareholders’ approval, and the completion of other closing conditions.