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

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