Kenya’s KCB retains slice of NBK assets after Access Bank takeover


The sale of NBK, concluded on May 30 for an estimated $100 million, transferred the troubled lender in full to Access. But KCB said several customers who maintained relationships with both banks remained under its management, leaving the group with a slice of NBK’s loan book and deposits.


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Kenya’s KCB retains slice of NBK assets after Access Bank takeover

The sale of NBK, concluded on May 30 for an estimated $100 million, transferred the troubled lender in full to Access. But KCB said several customers who maintained relationships with both banks remained under its management, leaving the group with a slice of NBK’s loan book and deposits.

Read Full Story

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