Central Bank questions NBK’s valuation ahead of merger

Central Bank of Kenya governor,Patrick Njoroge briefs the media on the New currencies notes that will replace the old notes at the CBK offices 3rd June 2019. [Standard]

The banking sector regulator has accused National Bank of Kenya (NBK) officials of running down the State-owned lender, whittling its value by 80 per cent in three years.

This as two petitioners moved to court seeking to stop the impending takeover of the bank by KCB Group, citing lack of public participation in the deal.