Multi-Million NCBA Deal Returns to Haunt Uhuru
The NIC-CBA merger in 2018 created NCBA - Kenya's third-largest bank by asset value. It was completed though a share swap, with NIC group shareholders owning 47 percent of the merged entity and CBA shareholders including the Kenyatta family owning 53 percent of the merged entity.
NCBA Q1 Net Profit Rises To Sh2.84 Billion
NCBA Group PLC has recorded an after-tax profit of Ksh2.84 billion for the first quarter ending March 31, 2021. This was an increase of 74% compared from Ksh1.6 billion that the NCBA Group posted during a similar period in 2020. Profit before tax stood...
NIC, CBA Cement Partnership Becoming NCBA Group PLC
The Commercial Bank of Africa and NIC Bank are set to begin operations as one entity, effective 1st October. Following their merger approval by the Central Bank of Kenya (CBK) and National Treasury which was published in the Kenya Gazette of Friday 27th September 2019,...
A 1930 Ford Model Wins CBA’s Classic Cars Competition
John Wroe's 1930 Ford Model A won the 2019 CBA Concours d'Elegance following brilliant displays at the Nairobi Racecourse. The CBA Africa Concours d’Elegance is a classic event on the Kenya Motor Sports Federation (KMSF) calendar and is attended by over 10,000 people. The centrepiece...
CBA, NIC Merger to Take Effect on Monday
CBK says merger will strengthen both institutions leveraging on their combined market share of 9.9% and customer base of over 40 million in four East African countries
Omtatah Seeks to Halt CBA-NIC Sh350m Tax Waiver
He has sued the National Treasury Cabinet Secretary and the Attorney General while the two lenders are listed as interested parties