The CEO of Capital Markets Authority, Mr Paul Muthaura, put out a statement the other day implying that recent Press reports of an impending acquisition of the troubled National Bank of Kenya #ticker:NBK by the Kenya Commercial Bank #ticker:KCB were not true.
In a cautionary statement posted on CMA’s website, Mr Muthaura seemed to argue that since no regulatory filings had been made to the authority by the #ticker:KCB Group on the matter, plans for such an acquisition did not exist.
