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NSSF, Treasury to give National Bank Sh4.2b cash boost

National Bank CEO Wilfred Musau (PHOTO: Standard)

NAIROBI, KENYA: National Bank of Kenya (NBK) is set for a capital boost after key shareholders committed to pumping in Sh4.2 billion.

The bank confirmed yesterday that National Social Security Fund (NSSF), which owns 48.06 per cent, and National Treasury (22.5 per cent), had agreed to recapitalise the bank in the next six months.

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National Bank NSSF