The Central Bank of Kenya (CBK) has announced the acquisition of 100 percent of National Bank of Kenya Limited (NBK) by Access Bank PLC from KCB Group PLC, following regulatory approvals by CBK and Kenya’s Cabinet Secretary for the National Treasury and Economic Planning. The transaction also includes the transfer of certain NBK assets and liabilities to KCB Bank Kenya Limited. CBK approved the acquisition on 4 April 2025 under Section 13(4) of the Banking Act, with the Cabinet Secretary approving it on 10 April 2025 pursuant to Section 9 of the Banking Act. CBK also approved the asset and liability transfer to KCB Bank Kenya on 4 April 2025 under Section 9 of the Banking Act, with the Cabinet Secretary approving that transfer on 10 April 2025 under the same provision. The acquisition and transfer are to take effect upon completion of the transaction in line with the parties’ agreement.
Central Bank of Kenya 2025-04-14
Central Bank of Kenya approves Access Bank PLC’s 100% acquisition of National Bank of Kenya and asset transfer to KCB Bank Kenya
The Central Bank of Kenya approved Access Bank PLC's acquisition of 100% of National Bank of Kenya Limited from KCB Group PLC, along with the transfer of certain assets and liabilities to KCB Bank Kenya Limited. Regulatory approvals were granted by both the CBK and Kenya’s Cabinet Secretary for the National Treasury and Economic Planning. The transaction will be finalized in accordance with the parties' agreement.