KCB Group #ticker:KCB and National Bank of Kenya (NBK) #ticker:NBK have appointed a transition team to oversee acquisition of 100 per cent ordinary shares of the cash-strapped lender as they race to meet a September 2019 deadline for conclusion of the buyout.
The team comprises staff from both banks and will be led by KCB chief executive officer Joshua Oigara. Its main task will be to mitigate risks and make the necessary preparations to enable a smooth transition.
