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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.

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