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Access Bank Plc has completed the acquisition of National Bank of Kenya (NBK) from KCB Group for USD 109.6 million (KShs 14.2 billion), closing a deal first announced in March…
In a notable leadership shift within Kenya’s financial services sector, KCB Group Chief Executive Officer Paul Russo has been elected Chairperson of the Kenya Bankers Association (KBA), the umbrella body…
In yet another solid step towards its 5-year growth and expansion strategy to become the “World’s Most Respected African Bank”, Access Bank Plc has announced that it has signed a binding agreement to acquire 100 per cent of KCB Group Plc’s shareholding in the National Bank of Kenya Limited. This is the second acquisition by Access Bank Plc in Kenya, after the 2019 purchase of Transnational Bank Limited. In a joint statement, Access and KCB Group said that the “successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt of all…
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KCB Bank on 14th October, marked its 15th anniversary since it set foot in Uganda in 2007, with a firm promise to close the year with at least a UGX1 trillion balance sheet. Speaking at the anniversary celebrations, held at Kampala Serena Hotel, KCB Bank Uganda Managing Director, Edgar Byamah, revealed the bank was just about UGX38 billion shy of the UGX1 trillion (USD261 million) rubicon. “At present, our bank boasts of an asset base of over UGX961.43 billion and over 40,000 customers, which success is greatly attributed to a committed team that has keenly served the bank over…
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Kenyan banking giant KCB Group, has appointed Paul Russo as its new chief executive officer. Russo will succeed Joshua Oigara, who has served as the bank’s topmost leader since 2013. The outgoing CEO at KCB, Joshua Oigara is scheduled to exit his office this week. The incoming KCB bank boss, Russo is a seasoned human resources manager and HR expert, who currently leads a KCB subsidiary National Bank of Kenya (NBK). Russo served as group head of human resources at KCB before being appointed to run NBK in 2019 after it was acquired by KCB. He previously worked at Barclays and…
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