State-owned banks’ merger still on, says CS

National Treasury Cabinet Secretary Henry Rotich.

The plan by National Treasury to merge three State-owned banks remains in the works despite a move by two of them to look for fresh capital.

According to National Treasury Cabinet Secretary Henry Rotich, the 2015 plan that will see Development Bank of Kenya, National Bank of Kenya (NBK) and Consolidated Bank folding into one entity is still in progress.