×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

DTB and Habib Bank in merger deal

Nasim Devji (LEFT) managing director DTB and Abdul Samji (RIGHT) chairman DTB at a past AGM. PHOTO: FILE

Influential Ismaili leader Prince Karim Aga Khan is moving to consolidate two local banks that his companies control.

Central Bank of Kenya (CBK) yesterday announced that Diamond Trust Bank (DTB) would acquire Habib Bank Ltd (HBL) in a deal that would be concluded by June.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in