It is now two years since Kenya Commercial Bank started executing the bail- out takeover of the National Bank of Kenya(NBK). I recently caught up with NBK managing director Paul Russo for insights into execution of successful bank turnarounds.
We must not forget that several past attempts to change the fortunes of the bank through expensive State-funded bailouts yielded zilch. In terms of pre-tax profits, the bank generated Sh1.2 billion more in 2020 compared 2019.
