Access Holdings spends N179 billion on acquisition of National Bank of Kenya

Access Bank Buys National Bank of Kenya in N179 Billion Conditional Takeover - Innovation Village | Technology, Product Reviews, Business

You just saw the N179 billion price tag. That’s the massive cheque Access Holdings is writing to buy the National Bank of Kenya (NBK). But this isn’t a simple, straightforward purchase. When you look closer, this deal is a fascinating, high-stakes chess game. The real story isn’t just the price; it’s in the fine print. Here’s what’s actually going on. On the surface, the deal looks done. The announcement was made, and the “completion documents” …

Access Holdings acquires National Bank of Kenya for N179bn

Access Holdings Plc, parent company of Access Bank, has finalised its N179.1 billion ($109.6 million) acquisition of the National Bank of Kenya (NBK), enhancing its foothold in East Africa’s financial market. The acquisition, first announced in May 2025, marks one of the most significant expansion steps by a Nigerian bank in the region. It underscores Access Holdings’ long-term goal of building a strong pan-African franchise that connects market…

Access Holdings spends N179 billion on acquisition of National Bank of Kenya

Access Holdings Plc, the parent company of Access Bank, has disclosed the financial terms of its acquisition of the National Bank of Kenya (NBK), revealing a transaction value of approximately N179.1 billion (US$109.6 million). The deal, which was first announced in May 2025, marks a significant step in the group’s strategic expansion across East Africa. […] The post Access Holdings spends N179 billion on acquisition of National Bank of Kenya  a…

Access to pay $109.6 million for Kenya’s NBK in East Africa push

Access Holdings, the parent company of Nigeria’s biggest bank by assets, will pay $109.6 million (₦179.1billion) to acquire National Bank of Kenya (NBK) from KCB Bank Group, according to its financial statements for Q2, 2025. “As part of the completion process, the Group received the completion documents from the Seller (KCB Group) on 30 May 2025 for a total estimated consideration of USD109.6 million (₦ 179.1billion),” Access disclosed. The tak…