×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

CS Henry Rotich welcomes NIC and Commercial Bank of Africa merger talks

A branch of Commercial Bank of Africa in Nairobi (PHOTO: FILE)

NAIROBI, KENYA: National Treasury Cabinet Secretary Henry Rotich said on Friday that he welcomed merger talks between NIC Bank and Commercial Bank of Africa as it would help strengthen the financial sector.

The two Kenyan commercial lenders announced on Thursday that they would hold talks on a potential merger which would be the first major deal since the government capped commercial lending rates in 2016.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902