In 2019, KCB Group Plc made an offer to acquire 100% of NBK. Through a notice published on September 6th 2019, KCB announced the success of the acquisition.
NBK has now joined the strong KCB heritage as a subsidiary of the largest indigenous Bank by assets in the East African region. The transaction was guided by the Capital Markets (Take-overs and Mergers) Regulations, 2002. Equally, the process was subjected to approvals from the Bank’s shareholders, Central Bank of Kenya, and the Competition Authority of Kenya.