Access Bank Plc has completed the acquisition of the National Bank of Kenya (NBK) in a bold move aimed at deepening its presence in East Africa while enhancing financial services across the region.
The acquisition, announced on Monday, indicates Access Bank’s commitment to expanding its public sector, corporate, retail, and digital banking capabilities in Kenya, which serves as a major hub for regional commerce.
Access Bank sees this acquisition as a catalyst for its financial expansion, creating a link between the NBK’s local expertise and Access Bank’s global network to foster a more innovative and efficient banking ecosystem in Kenya.
The transaction follows an approval from the Central Bank of Kenya (CBK), granted on April 4, 2025, under Section 13(4) of the Banking Act, with additional approval issued by the Cabinet Secretary for the National Treasury and Economic Planning on April 10, 2025.
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As part of the acquisition, some assets and liabilities of NBK were transferred to KCB Bank Kenya Limited, a subsidiary of KCB Group, ensuring a smooth transition and financial restructuring.
The full completion of the transaction now signifies the official integration of NBK into the Access Bank network, reinforcing the bank’s position in Kenya’s competitive banking space.
