Access Bank sets 2025 finish line for $100M acquisition of KCB unit
- Access Bank will finalize its acquisition of the National Bank of Kenya by the end of Q3 2025.
- The acquisition is valued at approximately $100 million, enhancing Access Bank's foothold in Kenya.
- Regulatory approvals from the Central Banks of Nigeria and Kenya, as well as the Kenyan Treasury and Finance Ministry, have been secured.
The acquisition of NBK by Access Bank represents a strategic move that not only solidifies its position in East Africa but also highlights the growing trend of Nigerian banks seeking opportunities in the Kenyan market. This could lead to increased competition and innovation in the banking sector, benefiting consumers in the long run.
