KCB to inject additional capital in National Bank

BDKCBCEO1502

KCB Group CEO Paul Russo during the interview at the lender’s headquarters on February 15, 2023. PHOTO | DIANA NGILA | NMG

KCB Group will inject additional capital into the National Bank of Kenya (NBK) in the coming days, with the cash going to help the subsidiary comply with minimum capital requirements.

The unspecified additional funds will take the total equity financing that KCB has put in NBK above Sh8.45 billion, having made an equity investment of Sh5 billion when buying NBK in December 2019 and then converting the Sh3.45 billion loan into equity.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.