KCB Group paid Sh25.1 billion to acquire an 85 percent stake in DRC lender, Trust Merchant Bank (TMB), in a deal that has given it a foothold in the vast mineral-endowed central African country.
The lender has for the first time disclosed the value of the deal in the latest annual report, which shows that the amount includes a goodwill (premium) of Sh3.07 billion in the transaction that values the DRC bank at Sh29.54 billion.
