Nigeria: CBK Okays 100pc Acquisition of NBK By Nigeria's Access Bank

Nigeria: CBK Okays 100pc Acquisition of NBK By Nigeria's Access Bank

Nairobi -- The Central Bank of Kenya (CBK) has approved the acquisition of National Bank of Kenya Limited (NBK) by Access Bank PLC (Access) after the deal met regulatory requirements.

CBK Lifts Ban on Licensing New Banks

The Central Bank of Kenya (CBK) has announced that it will lift the 10-year ban on licensing new commercial banks. In a statement on Wednesday, April 16, the CBK said the lifting of the 10-year ban on licensing new banks will be effective from July 1, 2025. “The Central Bank of Kenya announces that with effect from July 1, 2025, it will lift the moratorium on licensing of new commercial banks,” read the statement in part. Following the lifting o…

Access Bank completes National Bank of Kenya acquisition in regional expansion drive – Businessamlive

Onome Amuge Access Bank, Nigeria’s largest lender by assets, has completed the acquisition of 100 per cent of National Bank of Kenya Limited (NBK) from KCB Group PLC (KCB.NR), further solidifying its footprint in the East African banking sector.   The transaction, announced by the Central Bank of Kenya (CBK), follows regulatory approvals granted earlier this month. The CBK gave its nod on April 4, 2025, under Section 13 (4) of the Banking Act, w…

Access Bank gets approval to acquire 100% equity stake in Bank of Kenya - Business Hallmark

Access Bank, a subsidiary of Access Holdings Plc, has secured approvals from the Central Bank of Kenya (CBK) and Kenya’s National Treasury and Economic Planning for the acquisition of 100% shareholding of the National Bank of Kenya (NBK). According to a statement issued by the CBK on Monday, Access Bank is acquiring NBK through […] The post Access Bank gets approval to acquire 100% equity stake in Bank of Kenya first appeared on Business Hallmar…

National Bank of Kenya Acquisition by Access Bank in Limbo

The Central Bank of Nigeria (CBN) has stalled the acquisition of National Bank of Kenya (NBK) by Access Bank. This is despite approval from Kenyan authorities, including the Central Bank of Kenya (CBK). The delay stems from a CBN condition requiring Access Bank to divest its subsidiary in the Democratic Republic of Congo (DRC) before … The post Nigeria Threatens National Bank of Kenya Acquisition by Access Bank in New Condition first appeared on…

Access Holdings' Banking Subsidiary Receives Approval For National Bank Of Kenya Acquisition » News.ng

Access Bank PLC, a subsidiary of Nigeria’s Access Holdings PLC, has received regulatory clearance from Kenyan authorities to acquire the National Bank of Kenya (NBK). The Central Bank of Kenya (CBK) and Kenya’s National Treasury and Economic Planning have both approved the transaction. According to an official announcement released by the CBK on Monday, Access Bank will acquire NBK through purchasing all shares currently held by KCB Group PLC, w…