×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Pakistan bank set to acquire Kenya’s Middle East Bank

Pakistan’s MCB Bank is in talks to buy Kenya’s small lender Middle East Bank. [PHOTO: COURTESY/STANDARD
            Pakistan’s MCB Bank is in talks to buy Kenya’s small lender Middle East Bank. [PHOTO: COURTESY/STANDARD

By James Anyanzwa

Pakistan’s MCB Bank is on the verge of acquiring Kenya’s Middle East Bank at undisclosed fee in a development bound to bolster intense competition for deposits among Kenya’s big banks.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in