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.