Nigeria’s Access Bank acquires National Bank of Kenya in its second Kenyan acquisition
- Access Bank will acquire the National Bank of Kenya (NBK) from the KCB Group.
- The acquisition is expected to take 6 to 9 months to close.
- Access Bank's CEO sees the acquisition as an important milestone in their strategic plan.
The acquisition of the National Bank of Kenya by Access Bank is a positive move for both banks. It allows Access Bank to expand its market share in the Kenyan market and aligns with their strategic plan. The deal is expected to bring stability and growth to NBK, benefiting both institutions and their stakeholders.
