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Equity, Co-op Bank owe State millions in loans
Monday May 10 2021
By CONSTANT MUNDA
Summary
The Treasury has listed the two top-tier lenders among 56 firms, mostly parastatals, which held Sh867 billion in outstanding loans from the national government at the end of June 2020.
In documents tabled in the National Assembly on April 29, the Treasury says Equity the country’s biggest lender by deposit accounts had Sh493.47 million outstanding out of the Sh654.3 million loans it had received.
Loans yet to be cleared by Co-operative Bank the country’s third largest bank by assets amounted to Sh287.42 million out of Sh417.86 million it was advanced.