Access Bank Kenya is set to resolve a Sh2.11 billion capital shortfall through its merger with National Bank of Kenya (NBK) as their parent firm consolidates its Kenyan operations amid rising regulatory requirements.
The Central Bank of Kenya (CBK) said Wednesday that it had approved the transfer of all assets and liabilities of Access Bank Kenya to NBK, following approval on August 17 under the Banking Act and clearance by the Treasury on September 21.
