The National Bank of Kenya (NBK) is set to hold an auction to dispose of some of its vehicles. The National Bank of Kenya is selling cars. Image for illustration. What is the price range of NBK cars? In a notice in the Daily Nation newspaper on Friday, December 6, the lender asked interested bidders their bids by Tuesday, December 10.
The prices of the cars in different yards range from KSh 300,000 to KSh 4.4 million. “The motor vehicles are sold on “as is where is” basis. Bids with full contact details should be submitted through email at auction@nationalbank.co.ke or placed in a sealed envelope marked tender for motor vehicle addressed to the Auction Tender Committee P.O Box 72,866-00200, Nairobi, to reach the committee not later than December 10,” the notice stated.
National Bank said bidders can seek clarifications from Judy Chege through the phone number 0703,088,482. Below are the cars and their prices: Vehicle make Vehicle registration Year of manufacture Storage yard Reserve price (KSh)
Mitsubishi canter KDC 531D 2014 Mt, Kenya Yard, Embu 1.12m Volvo KDG 623W 2015 Grey Post Auction Yard – Kiambu 1.95m Mitsubishi canter KDK 184K 2022 Auction Palace Ent Ltd 3.8m
Mitsubishi canter KDK 195M 2022 Auction Palace Ent Ltd 3.6m Mitsubishi canter KDH 319N 2019 Auction Palace Ent Ltd 3.05m Mitsubishi canter KDH 334N 2019 Purple Royal Storage Yard 3.9m Mitsubishi canter KDL 073K 2022 Auction Palace Ent Ltd 4.3m Mitsubishi canter KDL 168T 2022 Valuers Yard Enterprises 4.4m Mitsubishi canter KDL 115T 2022 Valuers Yard Enterprises 4.4m Mitsubishi canter KDL 173T 2022 Purple Royal Storage Yard – Kiambu 900,000 Toyota Hilux KBN 533D 2010 Collinet Auctioneers Yard 950,000
Toyota Noah KBT 572J 2005 Checkpoint Juakali Garage – Maungu 300,000 Toyota Allion KDC 869A 2013 Purple Royal Storage Yard 950,000 Volkswagen Golf KDD 107P 2014 Purple Royal Storage Yard 1.1m Which company will acquire NBK? On Wednesday, October 30, the Competition Authority of Kenya (CAK) approved the acquisition of the National Bank of Kenya by Nigeria’s Access Bank PLC. CAK approved the acquisition on the condition that the Nigerian lender retains at least 80% of the National Bank’s workforce and its local subsidiary, Access Bank Kenya, for a year after the transaction.
Access Bank Kenya is licensed by the Central Bank of Kenya (CBK) and has 23 branches across 12 counties. On the other hand, NBK is a subsidiary of Kenya Commercial Bank (KCB), listed on the Nairobi Securities Exchange (NSE). CAK noted that the proposed transaction involves Access Bank PLC acquiring NBK’s entire issued share capital from KCB Group.
by Japhet Ruto