Access Bank finalises National Bank of Kenya acquisition
- Access Bank Plc completed its acquisition of the National Bank of Kenya from KCB Group.
- The transaction received all necessary regulatory approvals and was finalized on May 30, 2025.
- The acquisition is estimated at around $102 million based on NBK's book value.
IT News Africa - Jun 2, 2025
Access Bank Plc Completes Acquisition of National Bank of Kenya (NBK)
Access Bank Plc has completed its acquisition of National Bank of Kenya (NBK) from KCB Group, markin
The acquisition of NBK by Access Bank is a strategic move that not only enhances Access Bank's market position in Kenya but also reflects a growing trend of consolidation in the banking sector. This could lead to increased competition and innovation in the region, benefiting consumers. However, the success of this acquisition will depend on effective integration and retention of talent.
