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Originally published by Techish Kenyatech
October 14, 2025
6h ago
Standard Bank Eyes Major Kenya Banking Deal in Reported NCBA Acquisition Talks
Standard Bank's Kenyan unit reportedly discussing NCBA Group acquisition, potentially creating Kenya's third-largest bank with KSh 1.1 trillion assets...
✨ Key Highlights
Standard Bank Group, Africa’s largest bank by assets, is reportedly in advanced talks to acquire Kenya’s NCBA Group through its local subsidiary, Stanbic Holdings. This potential merger would create Kenya's third-largest lender with combined assets of approximately KES 1.1 trillion ($8.5 billion).
- NCBA's stock surged 9.7% to a record high of KES 76.25 following the news, reflecting investor confidence.
- The acquisition aligns with Standard Bank's strategy to strengthen its regional presence and comes amidst Kenya's Central Bank's push for banking sector consolidation.
- The proposed transaction would require multiple regulatory approvals, including from the Central Bank of Kenya and the Competition Authority.
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