By JAINDI KISEROMore by this AuthorThe Kenya Commercial Bank has quietly lodged an expression of interest to acquire the National Bank of Kenya, setting the stage for a merger of two of the largest state-controlled banks, documents seen by the Nation indicate. According to KCB, the bill for restructuring costs should be picked by the National Treasury and the NSSF. As it is, signs are that the National Treasury has more or less embraced the proposal, only raising minor issues. Finally, the National Treasury maintained that as a shareholder, it will have to determine the pricing of the transaction. That the National Treasury appears receptive to the proposal by KCB does not surprise.

Source: Daily Nation June 10, 2017 20:03 UTC