CBK approves transfer of Access Bank assets to National Bank of Kenya
The Central Bank of Kenya (CBK) has announced the transfer of all assets and liabilities of Access Bank (Kenya) Plc to National Bank of Kenya Limited (NBK). In a press release issued on Wednesday, September 23, 2026, CBK said it approved the transfer on August 17, 2026, under Section 13 (4) of the Banking Act. […]
The Central Bank of Kenya (CBK) has approved the transfer of all assets and liabilities from Access Bank Kenya Plc to National Bank of Kenya Limited (NBK). This decision follows approvals by the CBK on August 17, 2026, and the Cabinet Secretary for the National Treasury and Economic Planning on September 21, 2026. The transfer is set to take effect once the agreement between the parties is concluded.
The CBK believes this move will bolster the stability and resilience of Kenya's banking sector, while also promoting competition. NBK, established in 1968, serves as a wholly owned government entity aimed at providing Kenyans with credit access and supporting economic development post-independence. KCB Group acquired full control of NBK in 2019, followed by Access Bank's acquisition of NBK in May 2025.
Access Bank, founded in 1989, is one of Nigeria's largest banking groups with operations spanning several African nations.
Written by urgent.news from KahawaTungu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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