National Bank of Kenya’s #ticker:NBK share has risen to a one-year high of Sh9.85 after it received a capital boost from the National Social Security Fund (NSSF) and reports of a planned acquisition by Kenya Commercial Bank (KCB) #ticker:KCB, whose share price has slipped following news of the proposed takeover.
The proposed takeover of struggling NBK, which came to light at the beginning of last week, would be through a share swap with KCB investors likely concerned about their bank absorbing the lower quality book of the smaller lender.
