A Nigerian commercial bank, Access Bank PLC, has officially acquired the National Bank of Kenya, NBK.
Access Bank disclosed this in a statement through its X account on Monday.
Access Bank said the move was to deepen its presence in East Africa.
Accordingly, the Central Bank of Kenya, CBK, confirmed the deal, disclosing that regulatory approvals were granted earlier in April 2025.
“This follows CBK’s approval on April 4, 2025, and approval by the Cabinet Secretary for the National Treasury and Economic Planning on April 10, 2025,” the regulator said in a statement.
“The acquisition and transfer shall take effect upon completion of the transaction in accordance with the terms of the agreement between the parties,” CBK added.
