NCBA Group and Absa Bank Kenya have overtaken KCB in market valuation at the Nairobi Securities Exchange (NSE) on the back of the latter’s share price fall to an 11-and-a-half-year low.
KCB’s share price decline to Sh20.05, as of close of trading Wednesday, put its market capitalisation at Sh64.43 billion, making it the fifth most valuable bank at the NSE, behind Equity Group (Sh139.6 billion), Co-operative Bank (Sh68.06 billion), NCBA (Sh65.24 billion) and Absa (Sh65.18 billion).
