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Kenya clears NIC Bank and Commercial Bank of Africa merger; creating Kenya’s 3rd largest and Uganda’s 14th largest bank
NC Bank Bugolobi.
The Central Bank of Kenya and the National Treasury have
granted approval for the merger of NIC Group PLC and Commercial Bank of Africa
Limited (CBA), paving way for the creation of
Kenya’s 3rd largest bank by assets.
The new merged Group will be called NCBA Group PLC and
the Kenya operating bank will be known as NCBA Bank Kenya PLC.
The approval was published in the Kenya Gazette of
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