Access Bank (Kenya) PLC

What Access Bank (Kenya) PLC does

Access Bank (Kenya) PLC is a Nairobi-headquartered commercial bank providing retail, SME, and corporate banking services across Kenya. Established in 2015 as part of Access Bank Group's East African expansion, the bank serves individual consumers, micro and small businesses, corporate organizations, government entities, and community groups through dedicated product lines. The bank is 99.98%-owned by Access Bank PLC, which is itself a subsidiary of Access Holdings Plc, a Nigerian-listed banking group with operations across 24 countries and more than 60 million customers globally.

The bank's product portfolio spans current accounts (Individual, Corporate, Premier, Community, Hazina, Lawyer, KESSP), savings products (Earlysavers, Students, Target Savings, Salary), and credit products (Mpower personal loans, Auto Loans, Instant Business Loans, Local Purchase Order Financing, Overdrafts, Invoice Discounting, Letters of Credit). Distribution occurs through an omnichannel model including physical branches, ATMs, the AccessMore mobile app with biometric login and integration with M-Pesa, Airtel Money, PesaLink, and AccessAfrica; the USSD *862# service for feature phones; and the PrimusPlus internet banking platform. Cross-border payment capabilities include AccessAfrica (P2P, B2B, P2B, G2P transfers across African countries), Western Union remittances, and Visa card products.

Revenue is generated primarily through interest income on lending (base rate of 16.63% p.a. plus risk-based margin), account maintenance and transaction fees, ledger fees, cheque book charges, and FX margins from international money transfers. The bank operates three primary segments: Retail Individuals, SMEs, and Corporate Clients, with secondary segments targeting women, youth, students, community organizations, and the education sector. In May 2025, Access Bank completed the acquisition of National Bank of Kenya from KCB Group, adding 74 branches and 1,500 ATMs to the franchise, with integration pending. The bank is regulated by the Central Bank of Kenya.

Name

Access Bank (Kenya) PLC

Legal name

Access Bank (Kenya) PLC

Website

https://kenya.accessbankplc.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Access Bank (Kenya) PLC is a Nairobi-based commercial bank providing retail, SME, and corporate banking through branches, mobile, and digital channels. A subsidiary of Access Bank PLC, it serves individuals, businesses, and government clients, recently expanded via the NBK acquisition.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• Retail banking services
• Commercial banking
• Digital banking
• SME lending
• Money transfer services

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: The bank earns interest income from various loan products including auto loans, personal loans (Mpower Loan), business loans (Instant Business Loan, Overdraft, Local Purchase Order Financing), and corporate credit facilities (Invoice/Certificate Discounting, Letter of Credit)
2. Account and Transaction Fees: Fees from account maintenance, ledger fees, cheque books, cash handling charges, and transaction processing fees across personal, business, and corporate accounts
3. Salary Processing Fees: Salary processing fee of KES 50 per transaction for salary account holders
4. International Money Transfer Services: Revenue from Western Union money transfer services and AccessAfrica cross-border payments through transaction fees and currency exchange margins

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels4 records

Core offering

Access Bank (Kenya) PLC is a commercial bank providing retail, business, and corporate banking services across Kenya. It offers current accounts, savings accounts, personal and business loans, money transfer services (Western Union, PesaLink, AccessAfrica), and card products through a multi-channel platform comprising physical branches, the AccessMore mobile app, USSD (*862#) banking, and PrimusPlus internet banking.

Product overview

Access Bank (Kenya) PLC offers a comprehensive suite of banking products and services through a multi-channel platform comprising physical branches, digital banking (AccessMore mobile app, USSD *862#, Internet Banking), and card products (Visa Debit and Prepaid Cards). The portfolio spans personal banking (current accounts, savings accounts, loans including Mpower Loan and Auto Loans), business banking (Mpower Biz Account, Instant Business Loan, LPO Financing, Overdraft), and corporate banking (Corporate Current Account, Community Current Account, KESSP Account, Invoice Discounting, Letter of Credit). Cross-border payment capabilities include AccessAfrica, Western Union, and PesaLink real-time interbank transfers. The bank recently completed acquisition of National Bank of Kenya (NBK), expanding its market presence in Kenya and East Africa.

Differentiator

Problem solved

Functional benefit

Brands

• AccessMore: Mobile banking app for retail customers offering local and interbank transfers, bill payments, and other banking services.
• Mpower
• W-Power

Products and services

• AccessMore Mobile App

Named customers5 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability1 record

Feature5 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• National Bank of Kenya (NBK)coreStrategic or Co-development Partner · 30 May 2025NBK became a wholly owned subsidiary of Access Bank Plc following completion of acquisition in May 2025. NBK operates 74 branches and 1,500 ATMs, with heritage in serving Kenya's public sector. The combined entity will function as a single consolidated franchise after integration.
• KCB Group PLCflagshipStrategic or Co-development Partner · 22 March 2024KCB Group and Access Bank signed binding agreement for Access Bank to acquire 100% of National Bank of Kenya from KCB. The transaction completed in May 2025 following regulatory approvals from Central Bank of Kenya, Central Bank of Nigeria, and COMESA Competition Commission. This acquisition significantly expands Access Bank Kenya's market presence.
• Western UnioncoreTechnology or IntegrationWestern Union international money transfer partnership enabling customers to receive money in over 25 Access Bank Kenya locations. Service available in 200+ countries through 500,000+ agent locations worldwide.
• PesaLink (Interbank Payment Systems Limited)coreTechnology or IntegrationPesaLink is a real-time interbank money transfer service enabling instant fund transfers between banks in Kenya. Available 24/7 including weekends and holidays with transfer limits from KES 10 to KES 999,999.
• M-Pesa (Safaricom)coreTechnology or IntegrationAccess Bank Kenya offers M-Pesa integration through AccessMore app allowing seamless transfer of funds to and from M-Pesa wallets, enabling mobile money interoperability for customers.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Equity Bank Kenya: Leading Kenyan bank with strong retail, SME, and digital banking franchise. Competes directly with Access Bank Kenya across deposits, loans, mobile banking, and cross-border remittances.
• KCB Bank Kenya: One of Kenya's largest banks by assets and branch network. KCB sold NBK to Access Bank in 2025, making it the most direct competitor in the same deposit, lending, and corporate banking segments.
• Ecobank Kenya: Subsidiary of pan-African Ecobank Group with strong intra-African trade and remittance capability. Closest comparable to Access Bank Kenya given shared pan-African parent network strategy.
• Absa Bank Kenya: Subsidiary of Absa Group, offering retail, SME, and corporate banking. Competes directly with Access Bank Kenya, particularly in mid-market corporate and affluent retail segments.
• I&M Bank Kenya: Kenyan private bank serving retail, SME, and corporate clients. Direct competitor in corporate banking, currency services, and premium retail segments.
• Stanbic Bank Kenya: Subsidiary of Standard Bank Group, focusing on corporate, investment, and transactional banking. Direct competitor in corporate banking and trade finance.
• NCBA Bank Kenya: Mid-tier Kenyan bank formed through merger of NIC and CBA, with strong corporate and retail banking. Direct competitor in SME, corporate, and digital banking segments.
• Co-operative Bank of Kenya: Major Kenyan commercial bank with strong retail and SME focus. Competes directly with Access Bank Kenya in deposit mobilization, SME lending, and digital banking.
• Standard Chartered Bank Kenya: International bank with strong Kenyan corporate, trade finance, and affluent retail presence. Overlaps with Access Bank Kenya in corporate banking, trade finance, and cross-border payments.
• Diamond Trust Bank Kenya: Kenyan commercial bank with strong corporate and SME banking focus. Direct competitor in corporate accounts, lending, and trade finance products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/accessbankplc
• YouTubeyoutube.com/channel/UCy1u3_T-mFBf9aPOU9Rj2Mg
• Facebookfacebook.com/AccessBankPlc
• LinkedInlinkedin.com/company/access-bank-kenya-plc
• Instagraminstagram.com/accessbankplc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Access Bank (Kenya) PLC