Kenya’s Central Bank and Treasury approve Access Bank’s acquisition of struggling NBK
TechCabal | Adonijah Ndege - Apr 14, 2025
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  • The Central Bank of Kenya and National Treasury approved Access Bank's acquisition of National Bank of Kenya.
  • The acquisition is subject to approval from Nigerian authorities.
  • The deal could expand Access Bank's footprint in East Africa's largest economy.
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The acquisition of National Bank by Access Bank is a strategic move that could significantly enhance Access Bank's market presence in Kenya and improve the financial health of National Bank. However, the success of this acquisition will depend on the effective integration of the two banks and the ability to turn around National Bank's previous losses.
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