Access Bank to acquire National Bank of Kenya from KCB Group.

Access Bank, a provider of commercial banking services, agreed to acquire National Bank of Kenya, a provider of commercial products and financial solutions, from KCB Group, a non-operating holding company. Financial terms were not disclosed. “This transaction represents what we believe is a great opportunity to maximize value for our shareholders while strengthening the competitive position for the Group. The past four years have been defining for NBK as a KCB Group subsidiary and this step marks the opening of new opportunities,” Paul Russo, KCB Group CEO.