Tag Archives: NCBA

Behind closed boardroom doors, branding—not balance sheets—may have killed what would have been Kenya’s biggest banking deal in years. Insiders have revealed that Standard Bank’s insistence on rebranding NCBA under the Stanbic banner played a decisive role in the collapse of long-running merger and acquisition talks between the two lenders. The failed deal would have created Kenya’s third-largest bank, with …

Standard Bank Group’s Kenyan unit, Stanbic Holdings Plc, is in talks to acquire NCBA Group Plc in a transaction that would create Kenya’s third-largest lender with assets of about KSh 1.1 trillion, according to people familiar with the matter, Bloomberg reports. Standard Bank Group, Africa’s largest bank by assets and owns 75% of Stanbic Holdings Plc, has previously said it …