Access Bank Plc completes full acquisition of NBK from KCB Group. PHOTO/AccessBank
KCB Group has officially completed the sale of National Bank of Kenya (NBK) to Access Bank Plc, marking a historic shift in Kenya’s financial sector. This transaction hands over 100% ownership of NBK to Access Bank, a move designed to enhance the resilience and competitiveness of banking services in the region.
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Access Bank’s Expansion into East Africa
Access Bank Plc, one of Africa’s fastest-growing financial institutions, brings vast expertise in corporate, retail, and digital banking. The acquisition of NBK boosts its footprint in East Africa, aligning with its goal of being a pan-African banking leader.
What Customers Can Expect
According to NBK Managing Director George Odhiambo, the bank has a proud legacy of serving Kenya’s public sector. He noted that the integration offers a chance to build on this heritage and better serve customers through expanded offerings and digital banking innovations.
“With Access Bank’s strong focus on public sector services and innovation, we’re looking forward to elevating how we serve Kenyans,” Odhiambo stated.
Smooth Transition Assured
With the legal handover finalized, both banks will now focus on aligning operations, unifying teams, and harmonizing product offerings. During this transition, NBK and Access Bank Kenya customers can continue using their existing banking channels without disruption.
Why This Deal Matters
This acquisition adds momentum to ongoing consolidation in Kenya’s banking sector. It reflects evolving market dynamics and regulatory support for creating stronger, better-capitalized institutions.
Read also:Kenya’s Banking Revolution: What Equity, KCB, and ABSA Aren’t Telling You
For deeper insights into Kenya’s financial landscape, check out our 2025 ranking of top banks in Kenya.
As operations begin merging under Access Bank’s leadership, analysts expect increased competition in service delivery, digital banking solutions, and SME support. Stakeholders will be watching closely to see how the integration impacts customer satisfaction and market share.
To learn more, visit the official KCB Group website.
