KCB Group’s #ticker:KCB intention to acquire National Bank of Kenya (NBK) #ticker:NBK has been on the cards since 2015. In fact, I remember when they first floated the idea to the National Treasury in November 2015. But back then, the Treasury never warmed up to the idea and instead reportedly opted to engage a consultant on the matter.
The Treasury was still fixated with the idea of first merging NBK with Consolidated and Development banks — a transaction that has been in the pipeline for God knows how long.
