KCB looks to buy banks in Rwanda, DRCKCB CEO Joshua Oigara. SEE ALSO :KCB Group announces Sh24 billion net profitLast month, KCB offered to buy National Bank of Kenya (NBK) in a swap of one KCB share for 10 NBK shares in a deal seen helping NBK out of its perennial liquidity challenges. CBA Group, a privately held bank, is in the process of merging with NIC Bank to form the third biggest bank by assets in East Africa. The second largest bank by assets, Equity Group, said last week it was in talks with London-listed financial services firm Atlas Mara Limited about acquiring stakes in banks in Rwanda, Zambia, Mozambique and Tanzania. Smaller transactions have included Diamond Trust Bank’s acquisition of Habib Bank Kenya in 2017.

Source: Standard Digital May 08, 2019 07:30 UTC