liquidating the bank. In December 2018, NIC Group announced that it would be merging with Commercial Bank of Africa Group (CBA) creating Kenya's third-biggest bank, by assets. The transaction was approved by the Kenyan regulators and shareholders in April 2019. CBK announces the merger of Commercial Bank of Africa Limited (CBA) and NIC Group PLC (NIC) effective September 30, 2019. As of 18 May 2019, the merged group was still operating two sets of banks in Kenya, Uganda and Tanzania but was in the process of seeking regulatory approval to merge these business so that they can have one bank in each country and a group rebranding. On 27 September 2019, the Central Bank of Kenya approved the merger and name changes, effective 1 October 2019. The merged non-banking holding company became NCBA Group Plc and the Kenyan subsidiary of the merged entity became NCBA Bank Kenya Plc. The names of the merged entity in Tanzania, Rwanda, Uganda and Ivory Coast will re-brand accordingly. Branch network As at 28 February 2020, NCBA Bank Kenya maintained 64 networked branches and 5 banking agencies in Kenya. NCBA Bank's partnership with the Kenya Post Office Savings Bank enables the provision of cash collection services for its customers through Postbank’s network of 94 branches in Kenya. NCBA Group Members of the NCBA Group Plc include the following. NCBA Bank Kenya – Retail banking – Nairobi, Kenya 100% Shareholding NCBA Capital – Investment banking – Nairobi, Kenya 100% Shareholding NCBA Capital Securities – Securities brokerage – Nairobi, Kenya – 100% Shareholding NCBA Bank Tanzania – Retail banking – Dar es Salaam, Tanzania 69% Shareholding NCBA Bank Uganda – Retail banking – Kampala, Uganda 100% Shareholding. NCBA Bank Rwanda: Retail banking : Kigali, Rwanda 100% Shareholding M-Shwari Mobile Banking: Mobile money bank service: Abidjan, Ivory Coast Joint Venture with MTN Group. Governance The activities of NCBA Bank Kenya are directed by eleven board of directors. The managing director is assisted by seven other 10 other senior Officers in supervising the day-to-day activities of the Bank. See also List of banks in Kenya Central Bank of Kenya Economy of Kenya References External links Official Website Banks of Kenya Banks established in 1959 Companies based in Nairobi NCBA Group Plc Kenyan companies established in 1959