National Bank #ticker:NBK on Monday received a Sh2.9 billion shareholder loan from the National Social Security Fund amid reports that KCB Group #ticker:KCB plans to acquire a majority stake in the troubled mid-tier lender.
The State-run pension scheme, which owns a 48.05 per cent stake in the NBK, has finally offered the tier II capital after mulling over the lender’s loan request for about a year.
