The National Bank of Kenya (NBK) faces imminent collapse if it is not taken over by KCB Group in the proposed merger of the two lenders, Central Bank of Kenya (CBK) Governor Patrick Njoroge has warned.
Dr Njoroge, while appearing before Parliament Tuesday, said failure to rescue the struggling bank would be disastrous to its 650,000 customers as well as the shareholders of the Nairobi Securities Exchange (NSE)-listed firm.
