Outgoing NBK boss Wilfred Musau survives the axe as CBK approves Russo

By Duncan Mutwiri,

Wilfred Musau, the outgoing MD National Bank of Kenya, is set to take on a new role at the Kenya Commercial Bank. In a statement released on Friday...

KCB , NBK , russo

Auditor General ordered to probe NBK books

By Kepha Muiruri,

The National Assembly has now ordered the Office of the Auditor General (OAG) to audit the books of accounts belonging to the National Bank of Kenya (...

Auditor General , CBK , KCB Group , National Treasury , NBK

KCB Group offers to buy National Bank of Kenya for Ksh.6.6 billion

By Kepha Muiruri,

KCB Group has offered National Bank of Kenya Ksh.6.6 billion shillings to acquire 100% of the struggling bank. In a binding takeover document prese...

KCB Group , KCB-NBK acquisition , National Bank of Kenya (NBK) , Wilfred Musau

National Bank postpones key vote on takeover by KCB

By Kepha Muiruri,

The board of the National Bank of Kenya (NBK) postponed the key vote on the lender’s proposed takeover by KCB Group on Friday. This as the bank�...

NBK bounces back to record Ksh.106 million net profit

By Kepha Muiruri,

The National Bank of Kenya (NBK) has announced a Ksh.106.3 million net profit for the period ending March 31, 2019 to effectively end a 15-month dip i...

KCB-NBK acquisition , National Bank of Kenya (NBK) , Wilfred Musau

FULL LIST: Uhuru appoints former MPs, Governor to top parastatal jobs

By Benjamin Muriuki,

A handful of individuals who lost in the last General Election have been awarded plum parastatal jobs as board directors and board members. In also...

Parastatal appointments

National Bank in pre-tax profit as State promises to inject Ksh.4.2B capital

By Citizen Reporter,

National Bank of Kenya is expected to receive a Ksh.4.2 billion capital injection from two of its leading shareholders The funds, to be disbursed b...

National Bank of Kenya , NSSF , Wilfred Musau

National Bank CEO denies sexual assault claims

By Dzuya Walter,

National Bank of Kenya CEO Wilfred Musau has asked the court to dismiss a case filed against him by a female employee for allegedly sexually assaultin...

National Bank CEO , Sexual assault case , Wilfred Musau

National Bank to lay off 150 employees

By Citizen,

National Bank of Kenya has announced plans to lay off 150 employees, becoming the latest lender to cut its workforce in a drive aimed at lowering cost...

banking , early retirement scheme , lay off , loans , Mobile Banking , national bank , severance , staff costs , VER , Wilfred Musau

National Bank partners with WorldRemit to offer instant money transfers

By Mac Otani,

Leading digital money transfer service WorldRemit and the National Bank of Kenya (NBK) have launched a major partnership to enable Kenyans living ...

NSSF backs National Bank with Sh2.9bn in fresh capital

By Mumbi Warui,

The National Bank of Kenya (NBK) received a major capital boost with its main shareholder the national social security fund pumping in Sh2.9 billion. ...

Central Bank of Kenya , consolidation , KCB Group , national bank , National Treasury , NSSF , shareholder loan

NSSF, Treasury to inject Sh4.4bn to shore up National Bank capital base

By Sophie Kinoti,

National Bank of Kenya (NBK) has reached out to the National Social Security Fund (NSSF) and the National Treasury for funds to boost the bank’s liq...

capital base , capital injection , CBK statutory requirements , Central Bank of Kenya , National Bank of Kenya , National Treasury , NBK , NSSF , rights issue , total capital to risk weighted assets ratio , Wilfred Musau

National Bank raids KCB for key staff

By Ephraim Mugo,

National Bank of Kenya has filled its executive team with the appointment of four senior managers. This comes after the Bank in April fired its top...

Andrew Kimani , CBK , CMA , Duncan Okun , KCB Group , massive gaps in the bank’s books , Munir Ahmed , National Bank of Kenya , NBK , Peter Kioko , senior management , Stephen Gathogo , Wilfred Musau

Wilfred Musau appointed National Bank CEO

By Ephraim Mugo,

The National Bank of Kenya (NBK) board has appointed Wilfred Musau as the new chief executive officer. Mr Musau who has been holding fort for the p...

appointed as National Bank CEO , Munir Sheikh Ahmed , national bank , NBK , non-performing loans , NSSF , retail and premium banking , shock loss of Sh1.5 billion , Treasury , Wilfred Musau

National Bank dives into Sh1.2 billion loss

By Michael Karanja,

The National Bank of Kenya has announced a Sh1.2 billion loss for 2015, despite having posted strong results in its third quarter. The loss was dri...

CEO Munir Ahmed , national bank , non-performing loans , Sh1.2 billion loss

CBK lauds National Bank for sending top managers on forced leave

By Michael Karanja,

The Central Bank of Kenya has welcomed the move by the National Bank of Kenya board to carry out an internal audit of the performance of the bank. ...

Central Bank of Kenya , national bank , top managers sent home