KCB Group plans to borrow $200 million (Sh26.5 billion) to help rebuild the balance sheet of its Kenyan banking subsidiary that has seen its loans grow faster than the capital base.
The plan to fortify KCB Bank Kenya’s capital comes amid the group’s sale of its entire stake in National Bank of Kenya (NBK), its second subsidiary in the country which has breached minimum capital requirements despite having received Ksh14 billion support from the parent firm.
