In a historic bid , Access Bank Nigeria Limited has procured the approval of Central Bank of Kenya for the outright acquisition of the National Bank Of Kenya.
In a media release by CBK on Monday, Access Bank is not the sole partner of the deficit National Bank with 100 percent stakes.
“The Central Bank of Kenya announces the acquisition of 100 percent of the shareholding of National Bank of Kenya Limited by Access Bank PLC from KCB Group Limited. This follows CBK’s approval on April 4, 2025, under section 13 (4) of the Banking Act and approval by the cabinet secretary for National Treasuries and Economic Planning on April 10, 2005 pursuant to Section 9 of the Banking Act,” the Kenya’s Central Bank statement read in parts.
This latest acquisition further expands Access Bank’s Assets, making it one of the most extensive banking conglomerate in Africa.
For Roseevelt Ogbona, Access’s Chief Executive Officer, this latest acquisition provides opportunity to make strides into the booming Eastern Africa zone.
When asked shortly after the acquisition was made public by CBK, Ogbona said, “we now have further opportunities to extend our tentacles across Africa and bring efficient banking experience.”
