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Central Bank of Kenya has approved the acquisition of National Bank of Kenya (NBK) by KCB Group Plc, setting stage for final approvals on the transaction, an online report said.
The chasing pack that has Series defending champions Homeboyz, Nakuru and Menengai Oilers, will need to reach the final at Christie to have a chance of winning the Series that is if KCB and Mwamba fail to go past the quarter-finals.KCB and Mwamba, who have won two legs each this season, have 72 points and 69 points respectively.
Wazito are top of the table with four points after they were held to a 1-1 draw by KCB, who also have four points.
The VRs assigned to KCB Bank and to KCB Group are influenced by a challenging domestic operating environment, which indirectly constrains other rating factors.
No explanation was given to the state government about the decision by the national minister of finance and economic planning to close down the governments accounts with the KCB.
KCB Bank and GoSwiff, a global payment acceptance solutions provider, are rolling out a mobile payment solution (mPOS) for Rwandan merchants.
We are entering a new phase of growth that will see KCB expand its traditional network into markets such as Ethiopia, Somalia, Djibouti and the Democratic Republic of Congo, among others.
Wavetec installed its queue management solutions in 26 KCB branches where this number will grow to 52 by end of June, 2014.
KCB's reengineering process began early in January 2011 when they hired the services of global consultants McKinsey & Company to set up a road map for the bank's transformation by carrying out a four-month diagnostics of the bank.
Gloria Nyambok, head of banking at KCB Rwanda, said that the bank would launch a mobile banking product, 'KCB Connect,' which is in the final stages of its launch.
Bolender, building on the foundation started by Dokoudovska, professionalized the company, expanded the repertoire, and started KCB's school.
A major component in the country's economic progress has been the role played by KCB, which has more branches than any other bank in the country.
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