Editor's Review


KCB Bank Kenya has announced that its old mobile banking application will be discontinued effective Thursday, October 15.

KCB Bank Kenya has announced that its old mobile banking application will be discontinued effective Thursday, October 15.

In a notice on Monday, October 12, the bank advised users of the existing application to transition to the new version ahead of the deadline to continue enjoying convenient and seamless mobile banking services.

"Please be advised that the old KCB Mobile Banking App will be discontinued effective Thursday, 15th October 2026," the notice read.

KCB encouraged customers to make the switch to the new application to ensure continued access to convenient mobile banking.

"To continue enjoying convenient and seamless mobile banking, please upgrade to the new KCB Mobile Banking App," the notice added.

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This comes days after the Central Bank of Kenya (CBK) announced the transfer of all assets and liabilities of Access Bank (Kenya) Plc to National Bank of Kenya Limited (NBK).

In a statement on Wednesday, September 23, the bank said the transaction received approval from CBK on August 17, 2026, before receiving approval from the Cabinet Secretary for the National Treasury and Economic Planning on September 21.

"This follows the approval by CBK on August 17, 2026, under Section 13 (4) of the Banking Act and approval by the Cabinet Secretary for the National Treasury and Economic Planning on September 21, 2026, pursuant to Section 9 (1) of the Banking Act," the statement read.

File image of Paul Russo

CBK stated that the transfer would only take effect after the parties complete the transaction in line with the agreed terms.

"The transfer shall take effect upon completion of the transaction in accordance with the terms of the Business and Assets Transfer Agreement between the parties," the statement added.

According to CBK, NBK was incorporated in 1968 as a wholly owned Government entity, with the objective of helping Kenyans access credit and supporting control of the economy after independence.

In September 2019, KCB Group Plc acquired 100 percent of NBK's shareholding. Access Bank PLC later acquired 100 percent of NBK's issued share capital from KCB Group Plc in May 2025.

Access Bank PLC entered the Kenyan market in February 2020 after acquiring 100 percent of the issued share capital of Transnational Bank Plc, which was subsequently renamed Access Bank (Kenya) Plc.

Transnational Bank had commenced operations in December 1985.

The group also has a subsidiary in the United Kingdom, representative offices in China, India and Lebanon, and a branch in the United Arab Emirates.

CBK said the transaction was expected to support stability and resilience within Kenya's banking industry while strengthening competition.

"CBK welcomes this transaction as it will ensure continued stability and enhance resilience of the Kenyan banking sector and promote competition," the statement added.