Access Bank Kenya Transfers Assets to National Bank of Kenya
The Central Bank of Kenya (CBK) has approved the transfer of Access Bank Kenya Plc's business, assets, and liabilities to National Bank of Kenya Limited (NBK). The initial approval was granted on August 17, 2026, under Section 13(4) of the Banking Act, followed by a separate approval from Kenya's Cabinet Secretary for the National Treasury and Economic Planning on September 21, 2026, under Section 9(1) of the same Act.
The transaction will take effect once completed in accordance with the Business and Assets Transfer Agreement signed between Access Bank Kenya and NBK. This deal aims to enhance stability and competition among financial institutions in Kenya.
Access Bank PLC, which entered the Kenyan market in February 2020 by acquiring Transnational Bank Plc, is restructuring its presence in the country. NBK, established in 1968, was fully acquired by KCB Group Plc in September 2019, making this transfer a consolidation of entities under Access Bank.
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