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KCB to inject up to Sh4bn to spur growth in Tanzania unit
Kenya Commercial bank (KCB) Group CEO Paul Russo makes his remarks during the banks Financial Year (FY) 2024 Results announcement at Radisson Blu Hotel on March 12, 2025.
Photo credit: Francis Nderitu | Nation Media Group
KCB Group plans to inject up to Sh4 billion to drive growth in its Tanzania unit following the Sh14.2 billion sale of its subsidiary, National Bank of Kenya (NBK) to Nigeria’s Access Bank.
KCB Tanzania currently has little headroom for growth due to a low capital buffer above the regulatory minimum. The Tanzanian unit had a total capital ratio of 14.9 percent, being 0.4percent above the statutory requirement of 14.5 percent.
