NBK lifts KCB quarterly profit to Ksh.6.3 billion

By Kepha Muiruri,

KCB Group’s recent acquisition of the National Bank of Kenya (NBK) made the difference as it marked an 8.6 percent growth in profit for the first qu...

KCB , NBK

National Bank of Kenya sheds off Ksh.6.3 billion bad loans after buyout

By Kepha Muiruri,

The National Bank of Kenya (NBK), a KCB Group subsidiary has trimmed its share of gross non-performing loans by Ksh.6.3 billion to Ksh.25.2 billion ac...

KCB Group , National Bank of Kenya (NBK)

KCB grows profit to Ksh.25.2B as National Bank of Kenya returns Ksh.302M loss

By Kepha Muiruri,

The KCB Group has announced a 4.9 per cent growth in profit after tax for the period ending on December 31, 2019 to Ksh.25.2 billion. KCB’s recen...

Joshua Oigara , KCB Group

Co-op Bank joins acquisitions train in Jamii Bora interest

By Kepha Muiruri,

The Co-operative Bank of Kenya has expressed interest in acquiring Jamii Bora’s 100 per cent issued share capital in a transaction which is now subj...

CBK , Co-operative Bank of Kenya , jamii bora

Nigerian lender to take over Transnational Bank after CBK approval

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has okayed the 100 percent acquisition of the Transnational bank by Nigeria’s top lender Access bank. The reserve...

Access Bank , Central Bank of Kenya (CBK) , Transnational Bank

Boma Hotel owned by Kenya Red Cross placed under receivership

By Citizen Reporter,

The National Bank of Kenya (NBK) has now hotels owned by the Kenya Red Cross (KRC) under receivership due to huge debt. They include Boma Hotel Nai...

BOMA

Bank mergers out do acquisitions in profitability

By Kepha Muiruri,

The consolidation of banks through mergers has emerged as a more profitable venture in comparison to acquisitions, fresh data from the Central Bank of...

Central Bank of Kenya (CBK) , mergers and acquisitions

KCB to keep National Bank of Kenya running as a separate brand

By Kepha Muiruri,

The KCB Group is expected to keep the National Bank of Kenya (NBK) brand running on the side as a distinct brand over the long-term. The lender who...

Joshua Oigara , KCB , NBK

Consolidated Bank bond holders agree to revised payment date

By Kepha Muiruri,

Consolidated Bank bond holders have voted to side with the lender’s pushed repayment of their Ksh.1.6 billion, seven-year held maturing notes plus i...

consolidated bank

KCB names HR guru Paul Russo as designate NBK boss

By Kepha Muiruri,

KCB has named its Director of Regional Businesses Paul Russo as the designate Managing Director of the National Bank of Kenya (NBK). Russo is set t...

KCB Group , National Bank of Kenya (NBK) , Paul Russo

CBK approves KCB’s acquisition of National Bank of Kenya

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has approved the 100 percent share capital acquisition of the National Bank of Kenya (NBK) by the KCB Group. The re...

CBK , CMA , KCB , NBK

Imperial Bank’s asset-value falls by over 50% in one year

By Kepha Muiruri,

The value of net assets held at Imperial Bank Limited in Receivership (IBLIR) has sunk by half in the past year to a sum lesser than Ksh.5.2 billion (...

CBK , IBLIR , imperial bank , KCB Bank , KDIC

KCB Group half year profit rises 5pc to Ksh.12.7 billion

By Kepha Muiruri,

KCB Group has announced a five percent growth in earnings for the first six months of the year to Ksh.12.7 billion. The marginal growth, which howe...

Joshua Oigara , KCB Group , mergers & acquisitions

KCB seeks Parliament’s indulgence on NBK purchase

By Kepha Muiruri,

KCB has now sought for the indulgence of Parliament in relation to the company’s experienced stumbling blocks in its quest for the full acquisition ...

KCB Group , National Bank of Kenya (NBK)

With no competing offers, NBK accepts KCB’s Ksh.3.80 share price

By Kepha Muiruri,

The board of the National Bank of Kenya (NBK) has resigned itself to the KCB Group self valuation of the bank with no forthcoming counter offer for th...

KCB Group , National Bank of Kenya , NBK Board chairman Mohamed Hassan

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

All hands on deck: Rotich assures Parliament of proper checks on KCB-NBK deal

By Kepha Muiruri,

The National Treasury has defended its position on perceived laxity under the ongoing procedures in the acquisition of the National Bank of Kenya (NBK...

CBK , CMA , Henry Rotich , KCB-NBK acquisition , National Treasury

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

KCB quarterly profit rises to Ksh 5.8B on non-interest income

By Kepha Muiruri,

KCB Group has announced an 11.5 percent growth in profits for the first three months of the year to Ksh.5.8 billion. The notable increase in earnin...

Joshua Oigara , KCB