Tag Archives: Trillion

TOUGH TIMES! Stanbic Plots to Rescue Struggling NCBA in Sh1.1 Trillion Buyout

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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 …

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