Access Bank Kenya to Transfer Assets to National Bank of Kenya
Access Bank Kenya, a subsidiary of the Nigerian lender Access Bank, is set to transfer all its business, assets, and liabilities to the National Bank of Kenya (NBK). This transaction has received approval from the Central Bank of Kenya (CBK) and the Treasury.
The transfer will occur under a Business and Assets Transfer Agreement. Access Bank Kenya's ownership structure has changed multiple times; it entered the Kenyan market in 2020 by acquiring Transnational Bank and later acquired NBK from KCB Group in May 2025.
The CBK announced that the transfer of assets and liabilities will be completed once the transaction is finalized. The timing of this transfer is notable, as it reflects ongoing changes in the banking landscape in Kenya.
Plus234Feed summary based on reporting from TechCabal. Read the original report below.
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