Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Access Bank of Nigeria gets go-ahead to acquire National Bank of Kenya, boosting its East African presence.

flag Access Bank, a Nigerian financial institution, has received final approvals from Kenya's Central Bank and National Treasury to acquire the National Bank of Kenya (NBK) from KCB Group. flag This acquisition, which was first announced over a year ago, will bolster Access Bank's presence in East Africa. flag The transaction, valued at 1.25 times NBK's book value, will transfer certain assets and liabilities to KCB Bank Kenya Limited upon completion. flag The Central Bank of Kenya views the acquisition as enhancing the stability of the Kenyan banking sector.

10 Articles