KCB Group CEO & MD Joshua Oigara said the economic environment marginally improved in the quarter although the uncertainties from the pandemic remain...
NBK Managing Director Paul Russo said the quarter was marked by pockets of slow recovery from effects of the COVID-19 pandemic due to...
The bank’s corporate and retail franchises remained resilient in the subdued economy with reduced activity across sectors. During the period, NBK rolled out...
The corporate and retail franchises remained resilient, amid a subdued economy and reduced activity across sectors.
he bank’s performance, despite the COVID-19 pandemic, was driven by growth in loans and enhanced returns from government securities.
The stock of non-performing loans stood at Ksh25 billion, down from Ksh31 billion in 2018, as a result of an aggressive recovery strategy.
NBK shareholders who swapped their shares for those of KCB will now be able to trade the new stocks at the stock market.
All the banks have operations outside Kenyan and strengthening their bases at home would be a strategy to expand even further, faster.
New NBK MD takes over from Wilfred Musau, who has been assigned a new role at KCB Group to support the integration.