NAIROBI (Reuters) – Kenya’s biggest lender by assets, KCB Group, has injected 5 billion shillings ($49.31 million) into National Bank of Kenya (NBK), which it acquired last year, it said on Thursday.
“In addition to enabling NBK to comply with capital adequacy requirements, the injection bolsters NBK’s financial resources,” the lender said.
($1=101.4000 Kenyan shillings)
(Reporting by Duncan Miriri; Editing by Clarence Fernandez)
FILE PHOTO: Customers are seen outside the banking hall at the Kenya Commercial Bank, Kencom branch in Nairobi
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters
or its third party content providers. Any copying, republication or redistribution of Reuters content, including
by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.
"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
 => stdClass Object
[id] => 1302421
[url] => OZABS-UK-KENYA-KCB-GROUP
[image] => 2020-02-14T150707Z_1_LYNXMPEG1D197-OZABS_RTROPTP_1_OZABS-UK-KENYA-KCB-GROUP.JPG
[image2] => 2020-02-14T150707Z_1_LYNXMPEG1D197-OZABS_RTROPTP_3_OZABS-UK-KENYA-KCB-GROUP.JPG
[image_caption] => FILE PHOTO: Customers are seen outside the banking hall at the Kenya Commercial Bank, Kencom branch in Nairobi
[date] => 2020-02-14
[tdate] => 2020-02-14 15:20:03