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KCB and NBK material announcement
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Ericsson
#221 Posted : Friday, October 04, 2019 9:36:12 AM
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@sparkly
perform the final rites this topic to be closed
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Ericsson
#222 Posted : Thursday, October 17, 2019 1:53:19 PM
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National Bank of Kenya has announced the new board of directors following the completion of the takeover process by KCB Group.

The new directors are; Mr John Nyerere who will be the chairman of the board, Engineer Stanley Kamau, Mr Jones Nzomo, Ms Linnet Mirehane, Gen,(Rtd)Dr Julius Karangi, Mr Paul Russo, and Mr Joshua Oigara. The Bank will be lead by Mr Paul Russo who was appointed as Managing Director shortly after the acquisition.
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mlennyma
#223 Posted : Thursday, October 17, 2019 3:19:15 PM
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Lift the rate cap we see kcb at 100 a piece
"Don't let the fear of losing be greater than the excitement of winning."
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watesh
#224 Posted : Thursday, October 17, 2019 3:41:38 PM
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mlennyma wrote:
Lift the rate cap we see kcb at 100 a piece

The buying spree party was good when it lasted.
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VituVingiSana
#225 Posted : Friday, March 12, 2021 2:16:58 AM
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Good news for NBK/KCB https://www.businessdail...er-sh3-7bn-loan-3319958 TSS land to be auctioned
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#226 Posted : Friday, March 12, 2021 8:24:08 AM
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VituVingiSana wrote:
Good news for NBK/KCB https://www.businessdail...er-sh3-7bn-loan-3319958 TSS land to be auctioned





The NPLs that came with NBK is drastically coming down.
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Ericsson
#227 Posted : Friday, April 23, 2021 8:47:50 AM
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https://www.businessdail...work-in-progress-3373128
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mlennyma
#228 Posted : Friday, April 23, 2021 1:51:14 PM
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Ericsson wrote:
https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/nbk-turnaround-work-in-progress-3373128


we want to see the value in Kcb share
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#229 Posted : Sunday, April 25, 2021 11:26:59 AM
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mlennyma wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/nbk-turnaround-work-in-progress-3373128


we want to see the value in Kcb share

It shall come through.
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Ebenyo
#230 Posted : Monday, April 26, 2021 11:09:15 AM
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Ericsson wrote:
https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/nbk-turnaround-work-in-progress-3373128




NBK made a profit of kshs 177,731,000 for the FY 2020 from a loss of kshs 336,990,000 for the FY 2019.
So it's doing well and the management is vindicated for making the acquisition.
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Ericsson
#231 Posted : Monday, November 22, 2021 10:38:31 AM
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https://twitter.com/Mwan...687420240044033/photo/1

Delisting of National Bank of Kenya Limited from the Nairobi Securities exchange with effect from November 25 2021.The de-listing follows the succesful takeover of 100% shareholding of NBK by KCB and NBK shareholders approval.
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obiero
#232 Posted : Sunday, April 13, 2025 4:28:58 PM
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Ericsson wrote:
https://twitter.com/MwangoCapital/status/1462687420240044033/photo/1

Delisting of National Bank of Kenya Limited from the Nairobi Securities exchange with effect from November 25 2021.The de-listing follows the succesful takeover of 100% shareholding of NBK by KCB and NBK shareholders approval.

https://x.com/AccessBank...mFaDKrYeej0vcRg&s=19

COOP 140,000 ABP 15.75; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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obiero
#233 Posted : Sunday, April 13, 2025 4:35:23 PM
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VituVingiSana wrote:
KaunganaDoDo wrote:
Ericsson wrote:
KCB intends to acquire 100% of the ordinary shares with a par value of Ksh.5 of National Bank of Kenya.
The offer shall be a way of a share swap of 10 ordinary shares of NBK shares for every 1 ordinary share of KCB.


Is a good deal for both KCB and NBK....Though its the NBK shareholders to laugh all the way to the bank...KCB will have to recapitalize by way off injecting new Capital into NBK...Its a winner takes all. With new capital, and increased deposits through GOVERNMENT SINGLE TREASURY ACCOUNT, NBK will lend and lend and lend ....
Not really. It is likely that NBK's business will be absorbed into KCB rather than NBK being run as a separate bank with fresh capital.
NBK will probably become a subsidiary but will remain "open" (as a firm not an operating bank) as it pursues defaulters.

I&M still has Giro as a "subsidiary" but I think that's to keep the continuity for legal reasons e.g. for an ongoing lawsuit. Defaulters would go to court to fight a change in the name of the plaintiff from NBK to KCB. Many of our courts/judges are weird or ignorant in commercial matters.

..

COOP 140,000 ABP 15.75; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#234 Posted : Tuesday, April 15, 2025 11:10:01 AM
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obiero wrote:
[quote=Ericsson]https://twitter.com/MwangoCapital/status/1462687420240044033/photo/1

Delisting of National Bank of Kenya Limited from the Nairobi Securities exchange with effect from November 25 2021.The de-listing follows the succesful takeover of 100% shareholding of NBK by KCB and NBK shareholders approval.

https://x.com/AccessBank...FaDKrYeej0vcRg&s=19[/quote]

Go ahead by CBN yet to be granted.
Acquisition by Access bank in limbo
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