Access Bank completes acquisition of Kenyas bank

▤ Summary

Access Bank has completed its acquisition of National Bank of Kenya from KCB Group after receiving all required regulatory approvals. The deal makes NBK a wholly owned subsidiary of Access Bank Plc. Both banks will remain operationally separate for a transition period while they integrate systems and governance functions. Access Bank says the acquisition strengthens its East African expansion and expands its ability to serve individuals, businesses, and government customers in Kenya.

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