Access Bank Holdings has acquired a Kenyan bank, National Bank of Kenya (NBK) for ₦179 billion.

Access Bank Holdings has completed the acquisition of National Bank of Kenya (NBK) from KCB Group Plc for $109.6 million (₦179.1 billion). This strategic move strengthens Access Bank’s presence in Kenya and the larger East African market, marking a significant step in its expansion strategy.

The acquisition, finalized on May 30, 2025, combines NBK’s local expertise with Access Bank’s pan-African network and innovation-led approach. NBK and Access Bank Kenya will operate independently pending integration, aiming to enhance banking services and drive economic growth in the region.

Leave a Reply