×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Read on the App

State revives plan to sell stakes in three lenders after plans to merge delayed

Consolidated Bank along Koinange Street. [Photo by Wilberforce Okwiri/Standard]

The Government has rekindled plans to sell its stake in three struggling lenders after efforts to merge them for more than a decade stalled.

The Privatisation Commission had recommended that Consolidated Bank, National Bank (NBK), and Development Bank be merged.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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