Access Bank’s Acquisition Of NBK Strengthens Catalyst For Economic Growth- Ogbonna

Access Bank Plc says it has completed  the acquisition of the National Bank of Kenya. The commercial bank was formerly owned by the KCB Group before it was acquired by the Nigerian-based lender.

The process for the acquisition which started last year has now been fully consummated, according to Access Bank and KCB Group in a statement they jointly signed at the weekend.

The statement said despite the complete acquisition of the NBK by the Nigerian lender, the two banks will continue to work independently as the process of full integration is worked out between the parties.

According to the Managing Director of Access Bank Plc, Roosevelt Ogbonna  said the Nigerian lender has been strengthened by the acquisition and is now ready to deliver cutting edge services to “individuals, business and government institutions” like never before.

Ogbonna said with “NBK’s heritage and local expertise” and Access Bank “ pan-African network” the group can now form a catalyst for economic growth in the continent.

Ogbonna: “Finalising this acquisition marks a significant step in our drive towards unlocking the vast potential of East Africa’s financial landscape. Kenya stands at the heart of regional commerce, and with NBK now part of the Access Bank family, we are better positioned to leverage our combined strengths to deliver high-impact banking solutions to individuals, businesses, and government institutions alike.

“NBK’s heritage and local expertise, combined with our pan-African network and innovation-led approach, will enable us to serve as a stronger catalyst for economic growth.”