In Kenya, the finalization of the merger of NIC Bank (National Industrial Credit Bank) and Commercial Bank of Africa (CBA) will be in the third quarter of 2019, according to a statement.
An operation that will endow the new structure of a total assets of 444 billion Kenyan shillings (about 4.41 billion USD) and current shareholders of NIC Bank to hold 47% of the entity against 53% for shareholders of CBO.
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