×
The Standard e-Paper
Fearless, Trusted News
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
National Bank of Kenya is seeking funds to keep its head above the waters after capital requirements fell below the regulator’s requirements.
The lender has been waiting for its top shareholders, the National Social Security Fund (NSSF) and the Government, who own a combined shareholding of 70 per cent to inject more capital. NBK wants Sh4.4 billion shareholder loan to shore up its capital after total risk-weighted assets ratio stood at 11.9 per cent as at December 2016, which is 2.6 percentage points below the CBK’s statutory minimum of 14.5 per cent.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join