Kenya: CBA and NIC to be known as NCBA Bank after merger
The Central Bank of Kenya has announced the merger of Commercial Bank of Africa Limited and NIC Group (NSE:NICB) effective September 30, 2019.
1M | 3M | YTD | 1Y | 2Y |
+26.22% | +29.10% | +27.87% | +5.32% | -26.58% |
Value Traded (Mln KES) 687.11 |
Volume 26,053,800 |
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Market Cap. (Bln KES) 1,748.66 |
The Central Bank of Kenya has announced the merger of Commercial Bank of Africa Limited and NIC Group (NSE:NICB) effective September 30, 2019.
The Nairobi Securities Exchange is preparing to test its newly acquired Automated Trading System (ATS). The exchange will conduct mock trading sessions and disaster recovery assessment protocol on Saturday 14th September and 21st September in readiness for launching the upgraded system.
Equity Group (NSE:EQTY, USE:EBL, RSE:EQTY) directors have approved the bank’s entry into a non-binding agreement to buy a controlling stake in Congo’s second-largest bank – Commercial Bank of Congo. The bank is working on expanding its network in Africa. In the future, the regional lender aims to merger its subsidiary in Congo, Equity Bank Congo, with the Commercial Bank of Congo.
The Central Bank of Kenya (CBK) has approved the acquisition of 100 per cent shareholding of National Bank Limited (NSE:NBK) by KCB Group PLC (NSE:KCB, USE:KCB, RSE:KCB).