CBK approves Russo to take over from Musau as National bank MD
SEE ALSO: KCB throws National Bank Sh5b lifelineDuring the integration period, KCB will work towards streamlining human resources, systems, processes and procedures to fully realize the value of the envisioned combined efficiencies and productivity synergies post the acquisition. “I have full confidence that Russo will steer NBK in the right direction and succeed in the integration task ahead. I wish to assure NBK customers that they will continue to receive enhanced products and services throughout the integration period and that they should rest assured that they are now part of a bigger and stronger family,” said KCB Group Chief Executive Officer and Managing Director Joshua Oigara. “Focus will be on a simplified customer journey and products that provide solutions to our customers,” he added. It is expected that the NBK Board will be reorganized in the coming weeks and will provide guidance during the integration period. The acquisition fits well within KCB’s expansion strategy and gives the Group a stronger edge to play a bigger role in driving the financial inclusion and economic empowerment agenda in the East African region while simultaneously building a robust and financially sustainable organisation.
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