NBK seeks Sh4b shareholder loans to stay afloat

National Bank of Kenya. (Photo: Courtesy)

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.