KCB Group PLC (KCB Group) and Access Bank PLC (Access Bank) have completed the sale of National Bank of Kenya Limited (NBK) to Access Bank Plc, marking the conclusion of a transaction that began in March 2024. This follows the receipt of all regulatory approvals customary for a transaction of this nature.
The National Bank of Kenya (NBK) has recorded outstanding growth in financial performance, posting a KShs. 1.2 billion profit after tax for the third quarter ending September 30, 2024. This represents an impressive 142% increase, compared to the same period in 2023.
The Maji Konnect programme addresses the challenges of inadequate and inequitable access to clean and safe water services, operational efficiency by water service providers, and underinvestment by Water Service Providers (WSPs) in sustainable water services.
August 2024:
The National Bank of Kenya (NBK) has recorded a profit after tax of KES 839 million in the first Half-Year 2024. The pre-tax profit was KES 1.1 billion showcasing a remarkable recovery from a pre-tax loss of KES 3.8 billion recorded in the same period last year.
This initiative seeks to support local entrepreneurs to grow their businesses in a sustainable way.