Shareholders approve formation of KCB Group Limited

Kenya Commercial Bank Limited shareholders have approved formation of KCB Group Limited, a non-operating holding company that will own the bank and all its other interests including regional subsidiaries. Subject to regulatory approvals, the reorganisation exercise will see KCB Limited, the current company; transfer its banking business to a new subsidiary, KCB Bank Kenya Limited.

Following the transfer of assets and liabilities, KCB Limited will remain as a non-operating holding company approved to operate as such by the Central Bank of Kenya and subsequently renamed KCB Group Limited.