The
NSE, in a statement targeting all shareholders, investors and the general public said NBK will subsequently be removed from the course on 25 November.
"Notice is hereby given on the de-listing of
The two listed banks successfully merged in a process that involved a share swap whereby
In effect, NBK shareholders were able to trade their shares at the bourse.
KCB said the acquisition of NBK was meant to strengthen both institutions leveraging on their respective well-established domestic and regional corporate, public sector, and retail franchises.
NBK, in its Q3 financial results, posted Sh 1.1 billion profit after tax representing an 1126 percent increase from Shs. 87M in a similar period last year.
The subsidiary has a network of 85 branch outlets across the country, over 1,500 ATMs, and electronic channels of Mobile and Internet Banking.
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