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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.

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