KCB Group $550 million restructuring

31/1/2016
Restructuring

$ 550 million

Completed

31/1/2016


Overview:

  • KCB Group, a Kenyan financial service provider, implemented a corporate restructuring program where it transferred its banking business to KCB Bank Kenya.
  • Kenya Commercial Bank is registered as a non-operating holding company.
  • KCB Bank Kenya began operations as a licensed banking institution as of January 1, 2016.

Rani Mehta - Journalist 

Jurisdictions:

Kenya
Rwanda
Tanzania
Uganda

Deal type:

Restructuring

Practice area:

Restructuring and insolvency

Governing law:

Kenya

Industry sector:

Banking


Firm:

Party: KBC Bank (Parent company)