Access Holdings Plc, the parent company of Access Bank, has confirmed that it has completed the acquisition of the National Bank of Kenya (NBK).

In its 2025 half-year financial statement published on NGX, Access Holdings revealed that the deal was valued at approximately N179.1 billion (US$109.6 million).

Access Bank deal with NBK was first announced in May 2025 and was completed on May 30, 2025, following conditional approvals from both Nigerian and Kenyan regulators.

Access Holdings said in its financial statement: “As part of the completion process, the Group received the completion documents from the Seller (KCB Group) on 30 May 2025 for a total estimated consideration of USD109.6 million (N179.1 billion).”

However, Access Holdings clarified that the full transfer of control of NBK had not yet been completed as of June 30, 2025, due to certain regulatory conditions still pending, the Sun reports.

Once all is done, the acquisition will officially bring NBK under the Access Bank network.

The company stated:. “As at 30 June 2025, these conditions had not been fulfilled, and control of NBK had not yet transferred to the Group. Consequently, the financial results of National Bank of Kenya have not been consolidated in these financial statements.”

Access Holdings described the acquisition of NBK as a strategic pillar of its regional growth agenda aimed at strengthening its footprint in East Africa.

Kenya is a leading financial hub in the East Africa region, presenting significant opportunities for scaling corporate, retail, and digital banking operations.

It noted: “This transaction underscores our commitment to building a strong pan-African banking franchise. “By integrating NBK’s local expertise with Access Bank’s international reach, we aim to create a more innovative and efficient banking ecosystem in Kenya.”

The acquisition also aligns with Access Holdings’ long-term ambition to position itself as Africa’s gateway to the world, leveraging its cross-border network, technology, and partnerships to enhance financial inclusion and boost intra-African trade.

Here are other footprints of Access Bank

Access Bank Sierra Leone

Access Bank Rwanda

Access Bank United Kingdom

Access Bank Ghana

Access Bank Tanzania

Access Bank Congo

Access Bank Gambia

Access Bank Zambia

Access Bank Kenya

Access Bank Mozambique

Access Bank Botswana

Access Bank Guinea

Access Bank Nigeria

Access Golf

Access Bank Angola