This archive report was first published on 13 September 2019.
On September 13, 2019, the National Treasury and Planning Cabinet Secretary, Ukur Yatani, released a statement supporting the KCB-NBK merger deal.
According to the statement, the merger has received necessary approvals from institutions such as the Capital Markets Authority, Competition Authority of Kenya, and Central Bank of Kenya.
The Cabinet Secretary believes that the merger will result in a stronger and more robust financial institution that will support the government's financial sector strategy.
Additionally, Amb. Yatani noted that NBK will operate as a subsidiary of KCB, ensuring that customers continue to receive services without interruption.
