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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a multi-media organization with investments in media
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digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
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Kenya's largest lender by asset size KCB Group will sell its loss-making subsidiary National Bank of Kenya (NBK) to Nigeria's largest lender Access Bank.
The deal, whose financial value was not made public by the two lenders by press time, yesterday, will see Access Bank buy 100 per cent of the troubled NBK subject to regulatory approval.
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