Access Bank Kenya has received a fresh capital injection of USD 15 million from its parent company, Access Bank Plc.
This development underscores the bank’s commitment to long-term growth and strategic investments, which aim to enhance financial performance and consolidate its market position.
Strengthening Capital Base and Supporting the Kenyan Economy
The new funding will reinforce Access Bank Kenya’s capital base, improve liquidity, and enable it to offer better support to its customers and the broader Kenyan economy. The approval for this investment was granted following a “No Objection” from the Central Bank of Nigeria (CBN).
“We are pleased to note that Access Bank Plc has received a ‘No Objection’ from the Central Bank of Nigeria (CBN) to proceed with an additional investment of USD 15 million into Access Bank Kenya. This funding will strengthen our capital base, enhance our liquidity, and enable us to better support our customers and the broader Kenyan economy,” said the lender.
Key Growth Milestones
- Acquisition of National Bank of Kenya (NBK): The recent acquisition of NBK by Access Bank Plc marks a milestone, providing opportunities to leverage combined assets, networks, and expertise for a more competitive and inclusive banking platform.
- Integration and Synergy: The integration is expected to create a stronger institution capable of delivering enhanced value to customers and stakeholders.
2025 Strategic Priorities
Looking ahead, Access Bank Kenya has outlined three core priorities for 2025:
- Expanding Regional Services: Growth through Trade Finance and Regional Expansion.
- Operational Efficiency: Fostering customer-centric banking by improving operational processes.
- Digital Transformation: Accelerating digital innovation to enhance customer experience.
