Access Bank Kenya has received a $15 million capital injection from its parent firm, Access Bank Plc, aimed at reinforcing its financial stability and supporting its expansion plans across the region.

This move comes after the Central Bank of Nigeria (CBN) granted a “No Objection” approval, clearing the way for Access Bank Plc to increase its investment in the Kenyan subsidiary.

The bank noted that the funding will bolster its capital reserves, boost liquidity, and improve its capacity to offer enhanced financial services to its clients, while also contributing to Kenya’s economic growth.

“This injection of funds strengthens our capital structure, boosts our liquidity position, and enhances our ability to meet the needs of our customers and the wider Kenyan economy,” read a statement from Access Bank Kenya.

For the 2025 financial year, the bank has laid out a bold strategic roadmap that includes expanding its presence in the region via trade finance, accelerating digital innovation, and delivering more customer-focused solutions.

Access Bank Kenya also celebrated a key milestone with the successful acquisition of the National Bank of Kenya (NBK) by its parent company, a move expected to unlock significant synergies and create a stronger, more inclusive banking platform.

The merger paves the way for streamlined operations and a broader service offering, combining the strengths of both institutions to enhance competitiveness in the Kenyan market.

Although its Q1 2025 performance was impacted by short-term transitional challenges, the bank reaffirmed its commitment to sustainable growth and long-term value for stakeholders.

“With renewed capital strength and a defined strategic direction, we remain optimistic about our future, as we work to deliver tailored financial solutions across all customer segments,” the bank said in a statement.

Access Bank Kenya PLC operates under the regulation of the Central Bank of Kenya.

Access Bank, the parent company of Access Bank Kenya, is a prominent African financial institution headquartered in Lagos, Nigeria.

Founded in 1989, the bank has expanded rapidly over the years, driven by strategic mergers and acquisitions most notably its 2019 merger with Diamond Bank, which significantly boosted its market share and operational footprint.

This evolution has cemented Access Bank’s position as one of Nigeria’s largest lenders, both in terms of assets and customer reach.

Today, the bank offers a comprehensive suite of financial services, ranging from retail and corporate banking to investment banking, asset management, and digital financial solutions.