CAK okays KCB – NBK merger deal with conditions

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The competitions authority has stopped Kenya commercial bank from firing National Bank of Kenya employees after the merger of the two lenders. The authority has given at least 90 percent of the National Bank of Kenya workers an eighteen months lifeline saying it is in line with global best practices. This is after KCB said it is planning to carry out an organizational restructure that will result in job losses for some NBK employees.
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