National Development Bank’s Managing Director Mr. Richard Maru OBE has resigned today. Mr. Maru will be leaving the bank after serving as MD for almost 8 years. Mr. Maru joined the then Rural Development Bank in 2004 when the bank was insolvent for the third time since its inception. During his term Mr. Maru and the NDB Board chaired by Mr. William Lamur have been able to turn the bank around in the last 8 years from been insolvent in 2004 to returning a after tax profit of K9.3 million in 2011.
NDB’s MD Mr. Richard Maru OBE Resigns17 05 2012