Market News

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.

About Juma

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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