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KCB set to inject Sh3bn more in National Bank

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KCB Group CEO Joshua Oigara (right) Chairman Andrew Kairu (centre) and Group CFO Lawrence Kimathi during the release of the full-year result. PHOTO | POOL

By  ELIZABETH KIVUVA

KCB Group #ticker:KCB will provide an additional capital injection of Sh3 billion to National Bank of Kenya (NBK) in the coming days, with the cash going to help the subsidiary comply with minimum capital requirements.

NBK has continued to breach statutory capital levels despite receiving the initial capital support of Sh5 billion from KCB in December 2019. The breaches have constrained NBK’s capacity to take more deposits and expand its loan book.

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