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In a move that is shaking up the banking scene in Kenya, Access Bank Kenya has handed over its business, assets, and liabilities to National Bank of Kenya (NBK). This transfer is part of a deal that was approved by both the Central Bank of Kenya (CBK) and the Treasury. The transaction, which has only been in place for 16 months, is set to be finalized soon.
Access Bank Kenya, which is a subsidiary of the larger Nigerian lender Access Bank, was once under the ownership of KCB Group before being sold to Access Bank in May 2025. This history of ownership has made the bank's current situation quite unusual. Now, things are set to change once again as the CBK has announced that all of Access Bank Kenya's assets and liabilities will be handed over to NBK upon completion of the transaction.
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