KCB Group PLC (NASE:KCB) provided an expression of interest to the Treasury to acquire a controlling stake in National Bank of Kenya Limited (NASE:NBK), Judith Odhiambo, a spokeswoman for KCB, said in an emailed response to questions on June 12, 2017. "Further details will, however, be provided in due course in line with the guiding regulatory requirements," she said. KCB had approached National Treasury and National Social Security Fund, NBK's largest investors, expressing interest in buying NBK, Daily Nation newspaper reported on June 10, 2017, citing people familiar with the matter.

A spokesman at NBK didn't immediately respond to emailed questions.