This archive report was first published on 3 September 2019.
On 2 September, Kenya's Central Bank approved KCB Group's 100% acquisition of National Bank of Kenya (NBK).
As part of the integration process, KCB Group has appointed Paul Russo, its Director of Regional Business, to lead the transitional period at NBK for the next 2 years, subject to fit and proper approval by the Central Bank of Kenya.
During this period, KCB plans to fully integrate NBK into its operations within 24 months, taking a number of integration decisions to structure NBK in delivering more value to customers.
