Posts Tagged “NIC Bank”

NIC-CBA Bank Merger, See who are the Major shareholders.

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NIC-CBA Bank Merger, See who are the Major shareholders.

NIC bank and CBA have merged counting among its top owners some of Kenya’s most renowned billionaire investors and political figures, shareholder information on the two lenders has revealed. Records from the Registrar of Companies have revealed the underlying ownership of the privately-held CBA bank, whose investors will control a combined 53 percent stake in the…

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robbery in Raila Odinga’s family

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robbery in Raila Odinga’s family

Rosemary,ODM Leader Raila Odinga’s daughter, has moved to court where she has sued her personal assistant, John Oduor, for allegedly stealing from her. Oduor is said to have made unauthorized withdrawals totaling Shh245,000 from Rosemary’s account at NIC bank. The withdrawals are said to have been made between November 15 and February 5, 2019. The…

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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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