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In Might 2025, Entry Holdings, the dad or mum firm of Nigeria’s largest financial institution by property, accomplished its acquisition of the Nationwide Financial institution of Kenya (NBK), a struggling tier-2 lender beforehand owned by KCB. However in company M&A, a deal isn’t really finished till the cash strikes.

Entry now says it should make the ultimate $109.6 million cost to shut the takeover and fold NBK into Entry Financial institution Kenya. The African Export–Import Financial institution (Afreximbank) is backing the transaction with a assure of as much as $89.5 million, a security web to maintain the acquisition on monitor.

So, what’s in it for Entry? The acquisition offers Entry an instantaneous foothold in Kenya’s extremely aggressive banking sector, the place it already operates Entry Financial institution Kenya. By including NBK, Entry positive factors the dimensions and credibility wanted to strengthen its regional play, particularly now when its present arm, Entry Financial institution Kenya, reported a lack of $1.47 million in H1 2025. With NBK, Entry will get scale and a department community that may assist it battle for market share.

Entry 🤝 acquisitions: Entry has made a behavior of shopping for its approach throughout Africa, one acquisition at a time. In 2021, it acquired Grobank in South Africa, rebranded it as Entry Financial institution South Africa, and gave itself a seat on the desk in one of many continent’s most mature banking markets. In 2020, the financial institution reached an settlement with ABC Holdings Restricted to accumulate the African Banking Company (ABC) of Mozambique. 

Every acquisition adopted the identical method of discovering an area lender with attain, integrating it into the Entry community, and rising by way of integration. The Kenyan deal is the most recent chapter in that enlargement story, which is popping Entry right into a pan-African financial institution. The mixing has quietly begun, with clients of each banks now sharing department networks.