Nigeria’s Access Bank has acquired Kenya’s largest commercial bank, the National Bank of Kenya, KCB
The Nigeria multinational commercial bank makes the announcement of the acquisition on their social media account X.
National Bank of Kenya Ltd is one of the many banks under the KCB group.
Access Bank said that buying this bank is the major achievement for the journey hence it will make their presence in Kenya stronger.
Access Bank believes that this will provide “more opportunities for trans-African trade and financial inclusion, promote economic growth and prosperity.”
The agreement awaits regulatory approvals from the Central Bank of Kenya, the Central Bank of Nigeria, the COMESA Competition Commission, and notifications to other relevant regulators.
