The Central Bank of Kenya (CBK) has approved the transfer of all assets and liabilities of Access Bank (Kenya) Plc to National Bank of Kenya Limited (NBK). The decision, made under Section 13(4) of the Banking Act, was announced in a press release issued on September 23, 2026. The transfer was approved on August 17, 2026, marking a significant step in the restructuring of Kenya’s financial sector.
This move comes as part of broader efforts to stabilize the banking industry and ensure regulatory compliance. Access Bank, which has faced financial challenges in recent years, will no longer operate as an independent entity following the transfer. The National Bank of Kenya, one of the country’s largest financial institutions, will now take over the assets and liabilities of Access Bank.
The CBK stated that the transfer was conducted in accordance with legal and regulatory frameworks to protect the interests of depositors and maintain financial stability. The process was closely monitored to ensure transparency and adherence to banking standards.
The decision reflects ongoing regulatory interventions aimed at strengthening the financial sector. The CBK has emphasized the importance of maintaining a resilient banking system capable of supporting economic growth and development.
