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KCB Group Injects 5 Billion Shillings Into National Bank

BY Juma · January 9, 2020 12:01 pm

The Kenya Commercial Bank Group (KCB) has invested 5 billion shillings into the National Bank of Kenya (NBK)

KCB Group acquired NBK in 2019 through a share swap that saw shareholders in NBK exchange 10 shares in NBK for 1 share in the new business.

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“In addition to enabling NBK to comply with capital adequacy requirements, the injection bolsters NBK’s financial resources,” said KCB Group in a statement.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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