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With the acquisition of 100% of NBK, its second after acquiring and rebranding Transnational Bank, Access Bank strengthens its footprint in KenyRoosevelt Ogbonna, Managing Director and CEO of Access Bank, emphasised:
Access Bank Plc has completed its acquisition of National Bank of Kenya (NBK) from KCB Group Plc. The deal, announced in March 2024, closed on 30 May 2025, following approvals from the Central Bank of Kenya and the Competition Authority of Kenya.
Access Bank is Africa’s largest lender by customer base, serving over 60 million customers across 24 markets on three continents throughout more than 700 branches and service outlets. Its operations span Nigeria, Ghana, Rwanda, Zambia, Mozambique, Botswana, and the DRC, and it has branches in the UK and UAE, as well as representative offices in China, Lebanon, India, Paris, and Hong Kong.
With the acquisition of 100% of NBK, its second after acquiring and rebranding Transnational Bank, Access Bank strengthens its footprint in KenyRoosevelt Ogbonna, Managing Director and CEO of Access Bank, emphasised:
KCB Group Finance Director, Lawrence Kimathi(Right) with Access Bank Plc’s Executive Director, African Subsidiaries, Oluseyi Kumapayi.
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The acquisition process was not without challenges. Beyond Kenya’s regulatory approvals, Access Bank had to address compliance issues in the Democratic Republic of Congo (DRC). The DRC requires that banks achieve at least 45% local ownership by 2026. Nigeria’s Central Bank also reviewed Access Bank’s international exposure before approving the acquisition.
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