KCB boosts National Bank with new Sh4bn capital

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National Bank branch on Kenyatta Avenue Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

KCB Group provided an additional loan of Sh4.1 billion to its local subsidiary National Bank of Kenya in the first quarter ended March, helping to lift the unit’s capital ratios above statutory requirements.

NBK has disclosed the additional funding from its parent firm, which will sit on the bank’s balance sheet as supplementary or tier II capital.

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