Posts Tagged “CBA Bank”

NIC Bank and CBA Bank on Merger talks to create a 3rd Largest Bank with assets of around 400B

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NIC Bank and CBA Bank on Merger talks to create a 3rd Largest Bank with assets of around 400B

Two Kenyan based listed banks NIC Group and Commercial Bank of Africa (CBA) Group have announced talks about a merger that could create the country’s third-biggest bank with assets of more than Sh 400 billion. The value of the transaction was not immediately available. The two banks total assets as of September 2018 were; NIC…

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Handshake spirit? NIC & CBA Bank announce potential merger

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Handshake spirit? NIC & CBA Bank announce potential merger

  In a joint statement sent to newsrooms today, NIC Bank and Commercial Bank of Africa (CBA) have announced that they are holding talks for a merger. The two banks today indicated that they were eyeing “successful conclusion” of discussions on the merger and obtaining relevant approvals from shareholders of the two entities and regulatory authorities….

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