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GAZETTE NOTICE NO. 9038

THE BANKING ACT

(Cap. 491)

ACT

IT IS notified for information of the general public that in exercise of the powers conferred by section 9 (5) of the Banking Act— 1. the Cabinet Secretary has approved the amalgamation of the Commercial Bank of Africa Limited and NIC Group PLC; 2. the shareholders of Commercial Bank of Africa Limited vide a resolution passed on the 16th April, 2019, approved the amalgamation of Commercial Bank of Africa Limited and NIC Group PLC pursuant to the merger agreement dated the 1st March, 2019; 3. the shareholders of NIC Bank PLC vide a resolution passed on the 17th April, 2019, approved the amalgamation of NIC Group PLC and Commercial Bank of Africa Limited pursuant to the merger agreement dated the 1st March, 2019; and 4. the amalgamation shall take effect on the 30th September, 2019. Dated the 25th September, 2019. PATRICK NJOROGE, Governor, Central Bank of Kenya.

Dated the 1st March, 2019.

PATRICK NJOROGE,

Governor, Central Bank of Kenya.

Extracted Entities (1)

previous_gazette_ref

9038

Details

Act / Legislation: THE BANKING ACT
Reference: Cap. 491
Section: section 9 (5)
Signed By: PATRICK NJOROGE
Title: Governor, Central Bank of Kenya
Date Signed: 1st March 2019
Page: 2
Extraction Method: regex

Source Gazette

Vol. CXXI No. 126

Published 3rd February 2019