This is how NIC & CBA merger will benefit banking sector – Moody’s

PUBLISHED: Wed, 06 Feb 2019 15:14:16 GMT


Commercial Bank of Africa and NIC Group Plc, announced agreement on the share-swap ratio for their planned merger, which would create the third-largest bank in Kenya in terms of assets. To look at how the merger plan will support the country’s financial stability, Christos Theofilou, Vice president and Banking Analyst at Moody’s joins CNBC Africa for more.