The Central Bank of Kenya (CBK) has shrugged off concerns raised by MPs and approved the 100 percent acquisition of National Bank (NBK) #ticker:NBK by KCB Group #ticker:KCB.
The regulator announced Monday evening that the approval has been granted in accordance with Section 13(1) (e) of the Banking Act, effectively paving the way for the completion of the deal within KCB timelines.
