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KCB Group confident of sealing NBK deal as profit rises

KCB Group CEO Joshua Oigara (PHOTO: FILE)

KCB Group is confident of sealing its takeover offer of National Bank of Kenya to increase its market share, its chief executive said after reporting a 5 per cent rise in first-half profit.

Lenders in the East African nation have turned to consolidation to boost profit growth after the government capped commercial interest rates in 2016, crimping their margins.

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