KCB Group has completed the acquisition of DRC lender, Trust Merchant Bank (TMB), for a value estimated at more than Sh15 billion, giving the bank a foothold in the vast mineral-endowed central African country.
The tier-one lender said the deal to acquire an 85 per cent stake in TMB, first made public last August, has been approved by regulators in Kenya, DRC and Common Market for Eastern and Southern Africa’s (Comesa’s) Competition Commission.
