Access Bank has officially acquired the National Bank of Kenya (NBK) from KCB Group, following approvals from the Central Bank of Kenya (CBK) and the National Treasury.
The CBK gave the green light on April 4, 2025, with the Treasury approving on April 10, 2025. As part of the deal, some NBK assets and liabilities will be transferred to KCB Bank Kenya, a KCB Group subsidiary.
This acquisition strengthens Access Bank’s presence in Kenya, aligning with its ongoing East African expansion. Access Bank, part of Nigeria-based Access Holdings PLC, now operates in over a dozen African countries and key global markets including the UK, UAE, China, and India.
NBK, founded in 1968 as a government bank, has been owned by KCB Group since 2019. The CBK welcomed the transaction, saying it supports a stable and resilient banking sector while protecting depositors and investors.
