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.

The buying spree party was good when it lasted.

The NPLs that came with NBK is drastically coming down.

we want to see the value in Kcb share

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.

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

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

The sale of National Bank of Kenya (NBK) by KCB Group is likely to have a positive impact on KCB's share price. By selling NBK, KCB will be able to consolidate its finances and increase its capital adequacy ratio. This could lead to improved financial performance and potentially higher returns for shareholders, thus driving up the share price.
Here's a more detailed explanation:
1. Improved Capitalization:
The sale of NBK will allow KCB to deconsolidate NBK's undercapitalized balance sheet and high-impaired loans.
This will result in an immediate increase in KCB Group's total capital ratio, potentially by as much as 50 basis points, according to Fitch Ratings.
A stronger capital base is generally seen as positive by investors, as it enhances the bank's ability to weather financial storms and grow its business.
2. Enhanced Financial Performance:
By removing the drag of NBK's legacy issues and underperformance, KCB will be able to focus on the strengths of its core banking operations in Kenya and other East African countries.
This should lead to improved financial results, potentially higher profits, and increased returns on equity.
Investors are likely to view these improvements favorably, leading to an increase in KCB's share price.
3. Strategic Focus and Reduced Risks:
The sale of NBK allows KCB to focus its resources and strategic attention on its core business areas.
This will enable KCB to streamline its operations, reduce operational costs, and improve its overall efficiency.
By exiting the NBK business, KCB is also reducing its exposure to potential risks associated with NBK's past challenges and legacy issues.
4. Potential for Future Growth:
The capital released from the sale of NBK can be reinvested in other strategic opportunities, such as expanding into new markets or acquiring other businesses.
This could further enhance KCB's growth prospects and potentially increase its share price.
In summary, the sale of NBK is expected to be a positive event for KCB's share price. By improving its capitalization, financial performance, and strategic focus, KCB is likely to attract investors and see an increase in its share price.

Access Bank acquisition of NBK has now been concluded

https://punchng.com/acce...uisition-of-kenyas-bank/

KCB Group is unlikely to issue a special dividend following the sale of National Bank of Kenya (NBK), according to a report from Sterling Capital. Instead, the proceeds from the sale are expected to be reinvested into the group for growth and strategic initiatives.
Here's a more detailed explanation:
Focus on Growth and Capital:
KCB Group's management has indicated that the NBK sale proceeds will be used to support ongoing growth initiatives and improve the group's capital position.
Dividend Policy:
KCB's dividend policy focuses on balancing shareholder returns with the need to maintain adequate capital buffers for strategic growth.
Capitalization:
KCB Group aims to strengthen its capital buffers, particularly in light of the NBK sale and its potential impact on the group's asset quality.
Asset Quality Concerns:
KCB Group has acknowledged asset quality issues, and the NBK sale is seen as a step toward addressing these concerns.
Regional Expansion:
KCB Group's strategy involves regional expansion, and the sale proceeds will likely be allocated to supporting this expansion.