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KCB in talks to buy Ethiopia bank with NBK sale money
Kenya Commercial Bank (KCB) Kenya Group Finance Director Lawrence Kimathi makes his remarks during the banks Half Year 2025 Financial Results announcement on August 13, 2025 held at Radission Blu Hotel.
Photo credit: Francis Nderitu | Nation Media Group
KCB Group has initiated talks to acquire a bank in Ethiopia within the next 18 months as part of its growth and diversification strategy following Addis Ababa’s decision in June to allow foreign lenders to operate in the country.
The Kenyan bank wants to use the purchase to become one of the largest operations in a market dominated by the State-owned Commercial Bank of Ethiopia, which is the biggest bank by assets and deposits.
