Uhuru-linked bank: We will obey court ruling on Sh350m tax waiver

CBA and NIC Group merger created one of the largest financial services groups in the region. [File, Standard]

Kenya's third largest bank NCBA Group now says it is ready to pay the taxman the Sh350 million tax waiver it benefited from during the merger of NIC and CBA banks in 2019; if court determines that it was not entitled to that waiver.

The National Treasury exempted them from paying share transfer tax amount to Sh350 million during former President Uhuru Kenyatta's regime.