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

KCB to acquire 100pc stake in National Bank of Kenya

By Kepha Muiruri,

Kenya Commercial Bank Group has announced plans to acquire National Bank of Kenya (NBK). The acquisition, it was announced will be done through an ...

Cytonn Investments , Joshua Oigara , Kenya Commercial Bank , National Bank of Kenya

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

KCB Group proposes takeover of National Bank of Kenya

By Reuters,

Kenya's biggest lender by assets, KCB Group, has proposed taking over National Bank of Kenya (NBK) through a share swap to increase its share of publi...

banking , Central Bank of Kenya , consolidated bank , consolidation , Development Bank of Kenya , KCB Group , National Bank of Kenya , national social security fund , National Treasury , share swap , shareholder value

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 Q3 profit dips to Sh521m as bad loans rise

By Citizen,

National Bank of Kenya (NBK) has recorded a 76.8 percent slump in its third quarter net profit. During the period ended September, the bank’s net...

bad loans , Central Bank of Kenya , loan loss provision , national bank , NBK , non-performing loans , NSSF , third quarter results , Treasury

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 sued over Sh700m interest overcharge

By Dzuya Walter,

Tulla Reserve Supplies Limited has moved to court seeking a refund of over Sh700 million overcharged by National Bank of Kenya (NBK) as interest of a...

Interest Rates , Islamic Banking , national bank , overcharged , Tulla Reserve Supplies Limited