Tag Archives: NCBA

Nairobi was buzzing this week when Nedbank Chief Executive Jason Quinn landed in town with one mission — defend a jaw-dropping deal. The South African banking giant has tabled about $855 million (Shs3.01 trillion) for a 66 percent stake in NCBA Group, valuing one of East Africa’s biggest banks at roughly 1.4 times book value. In a market where recent …

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 …