Access Bank PLC has announced its acquisition of the National Bank of Kenya (NBK).
Gatekeepers News reports that the development was shared via a statement on the bank’s X account on Monday.
The acquisition is part of Access Bank’s strategy to strengthen its footprint in East Africa.
The Central Bank of Kenya (CBK) has confirmed the transaction, revealing that the necessary regulatory approvals were granted 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.
