Merger Timeline
2018
Dec 2018
December 2018
Boards of NIC and CBA authorised the commencement of discussions regarding a potential merger
2019
Jan 2019
January 2019
Boards of Directors of NIC and CBA unanimously voted to recommend to shareholders a merger of the two banks.
Apr 2019
April 2019
Shareholders of NIC and CBA approve the merger
May 2019
May 2019
- Announced Group Managing Director and Chairman of the Kenyan Banking Subsidiary
- Announced Leadership of the new entity
Sep 2019
September 2019
Approvals received from the Central Bank of Kenya and Cabinet Secretary, National Treasury
Oct 2019
October 2019
Merger