KCB nears Equity market valuation

Customers in a KCB bank branch in Nairobi. FILE PHOTO | NMG

KCB Group #ticker:KCB has nearly eliminated the market capitalisation gap between it and rival Equity Group #ticker:EQTY as the latter loses its traditional large trading premium over the country’s largest bank by assets.

KCB on Wednesday closed trading with a market value of Sh133.6 billion, trailing Equity’s Sh135.4 billion by just Sh1.8 billion as the convergence in their paper value intensified.

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