Access Bank solves Sh2.1bn capital deficit with NBK merger
The completion of the transfer in line with the business and assets transfer agreement between...
The Central Bank of Kenya (CBK) has given the green light for Access Bank Kenya to transfer its operations, assets, and liabilities to National Bank of Kenya (NBK). This decision followed the merger approved by the CBK on August 17, 2026, under Section 13(4) of the Banking Act, and by the Cabinet Secretary for National Treasury and Economic Planning on September 21, 2026, under Section 9(1) of the Act.
The transfer will become effective once the transaction is finalized, per the terms of the Business and Assets Transfer Agreement between the entities. Access Bank PLC acquired 100 percent of NBK in April 2025, after meeting all regulatory criteria. NBK, established in 1968, was originally a state-owned institution before being taken over by the KCB Group in 2019, which then sold it to Access Bank.
Access Bank entered the Kenyan banking sector in 2020 by purchasing the majority stake in Transnational Bank, a bank that had been operational since 1985, and subsequently rebranded it as Access Bank Kenya.
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- CBK okays transfer of Access Bank Kenya assets, liabilities to NBK capitalfm.africa
