Nigeria Deposit Money Bank, Access Bank is set to acquire the National Bank of Kenya from the KCB Group, making it its second acquisition of a Kenyan bank in under five years.
Ripples Nigeria recalls that Access Bank purchased Transnational Bank Limited. in 2019.
Access Holdings’ Secretary, Sunday Ekwochi, announced in a statement filed on the Nigerian Exchange Limited on Wednesday, adding that the deal’s finalisation is contingent upon receiving regulatory approvals from the central banks of Kenya and Nigeria.
