National Bank of Kenya Puts up 9 Vehicles for Sale Amid Takeover by Nigerian Lender
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National Bank of Kenya (NBK) has invited Kenyans to the sale of its vehicle assets.
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This came after the Central Bank of Kenya (CBK) approved the acquisition of the lender by Access Bank.
CBK allowed the Nigerian lender to take the controlling stake (100%) at NBK, which is a subsidiary of Commercial Bank of Kenya (CBK).
NBK announced the auction of nine vehicles, urging prospective bidders to submit their bids on or before Monday, May 19.
The vehicle brands are Mercedes-Benz, Toyota, Jeep, Mitsubishi, and Mazda, among others.
The price ranges between KSh 240,000 and KSh 4 million, depending on the make.
NBK revealed that vehicles will be sold on 'as is where is' basis, meaning those in Kisumu or Mombasa will be auctioned in that location.
Below are the vehicles available for sale by NBK:
| Vehicle | Place | Reserve Price |
| 1. Mitsubishi canter | Mt. Kenya Yard, KEMU | KSh 990,000 |
| 2. Volvo XC60 D4 | Grey Post Auction Yard, Ruiru | KSh 1,200,000 |
| 3. Toyota Ractis NCP 120 | Kisumu Town | KSh 470,000 |
| 4. Mercedes-Benz | Purple Royal Storage Yard | KSh 2,100,000 |
| 5. Mazda Demio | Grey Post Auction Yard, Ruiru | KSh 240,000 |
| 6. Jeep Grand Cherokee | Black Bird Nyali | KSh 2,620,000 |
| 7. Ocean Trailer King | CMC Mikindani | KSh 470,000 |
| 8. Toyota Axio | Collinet | KSh 650,000 |
| 9. Mitsubishi-Fuso | Purple Royal Storage Yard | KSh 4,000,000 |
The lender said it will be announcing more sale of vehicles.
More to follow...
Source: TUKO.co.ke
