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NIC to merge with Commercial Bank of Africa -NIC chairman

By Reuters | 6yrs ago

Kenya’s NIC will merge with the country’s biggest privately owned bank, Commercial Bank of Africa (CBA), to create the third-biggest bank in the region. [Photo: Courtesy]

NAIROBI - Kenya’s NIC will merge with the country’s biggest privately owned bank, Commercial Bank of Africa (CBA), to create the third-biggest bank in the region, the chairman of NIC said on Thursday.

“Today we announce our intention to merge NIC Group and CBA Group,” Chairman James Ndegwa told reporters.

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Kenya’s NIC Commercial Bank of Africa James Ndegwa CEO John Gachora Finance Minister Henry Rotich

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