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NBK says assets growing at 33 per cent, clears air on Chief Finance Officer

National Bank of Kenya said on Thursday its assets are growing at a rate of 33 per cent, and profits at 45 per cent- which is faster than the target set by the strategy responsible for its ongoing transformation to get the bank into the Tier1 bank club by 2017.

The transformation strategy being implemented requires National Bank to deliver a 25 per cent compounded annual growth rate (CAGR) on balance sheet and 30 per cent on profits year on year respectively to achieve... Read More

National Bank is fine, says lender’s board

Six board members of the National Bank of Kenya on Tuesday stood behind the bank’s chief executive, Mr Munir Ahmed, following allegations of mismanagement and questionable business dealings by the lender.

Led by Chairman Mohammed Hassan, the panel sought to dismiss the various claims around the five-year transformation strategy by the bank, which has raised questions regarding heightened staff exits and the sale of bank assets, among others. Read More


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