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Revealed: Sh21bn CBK bailout for Jamii Bora Bank
Summary
Co-operative Bank of Kenya now the parent company of Kingdom Bank (formerly Jamii Bora) revealed the CBK loan facility that saved the small lender from an imminent collapse.
The CBK in April 2016 announced the roll-out of a special facility to commercial and microfinance banks facing liquidity challenges not triggered by acts of mismanagement.
The CBK never disclosed the terms of this window. It is also not clear if the lending to Kingdom Bank fell under this category.
Thursday June 03 2021
By PATRICK ALUSHULA
Summary
Co-operative Bank of Kenya now the parent company of Kingdom Bank (formerly Jamii Bora) revealed the CBK loan facility that saved the small lender from an imminent collapse. ....

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