Business Daily | by Charles Mwaniki
KCB Group has converted a Sh3.45 billion long-term loan it had given to National Bank of Kenya (NBK) last year into equity, helping the subsidiary meet its core capital ratios after years of default.
The conversion brings the total equity financing that KCB has put into NBK to Sh8.45 billion, having put in an equity investment of Sh5 billion when it was buying NBK in December 2019…
