Stanbic, NCBA Discuss KSh1.1 Trillion Merger
Bloomberg reports Stanbic, Standard Bank’s Kenyan arm, is in talks to buy NCBA in a deal that would form Kenya’s third-largest lender by assets...
✨ Key Highlights
Stanbic Holdings Plc is reportedly in discussions to acquire NCBA Group Plc, a merger that would establish Kenya's third-largest lender with approximately KSh 1.1 trillion in assets.
- If completed, this transaction would create a financial institution with an estimated combined asset base of roughly KSh 1.1 trillion, trailing only Equity Group Holdings and KCB Group.
- Standard Bank Group, which owns 75% of Stanbic Holdings Plc, has an overarching strategy to expand its presence, with regional chief executive Patrick Mweheire previously stating a 2025 target for a significant acquisition in Kenya.
- The news led to NCBA's share price surging by 9.7% to KSh 76.25 on the Nairobi Securities Exchange, reaching a new all-time high amidst increasing pressure for consolidation in Kenya’s banking sector.
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Stanbic and NCBA Discuss KSh1.1 Trillion Merger; Quick Mart Owners Acquire Minet Mauritius - October 2025
Stanbic Holdings Plc is reportedly in discussions to acquire NCBA Group Plc, a potential merger that would create Kenya's third-largest lender with approximately KSh 1.1 trillion in assets. Separately, NCBA Bank Kenya has sponsored 110 Kenyan Small and Medium-sized Enterprise (SME) customers on a 12-day business trip to China to expand trade opportunities. In another deal, Bima Holdings Ltd, an investment vehicle associated with the owners of Quick Mart, has received regulatory approval from the Competition Authority of Kenya (CAK). The approval is for the acquisition of Minet (Mauritius) Holdings Ltd. This acquisition marks an expansion of Adenia Partners' financial services portfolio into Kenya's insurance brokerage and pension administration sector.
