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Teachers learn Sh10bn loss lesson in Spire deal

And after nearly a decade of cash drain, Mwalimu Sacco has left Spire Bank having been schooled on how not to invest.
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Rift Valley , United Arab Emirates , Joel Gachari , Naushad Merali , James Mwangi , Kenneth Odhiambo , William Rahedi , Spire Bank , Equity Bank Kenya , Equity Group , Southern Credit Banking Corporation , Equatorial Commercial Bank , Umwalimu Sacco , Insolvency Act , Equatorial Commercial , Commercial Bank ,

Equity Bank to restructure Spire Bank's Sh945mn loan book

Equity Bank to restructure Spire Bank's Sh945mn loan book
capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.

Nairobi Area , Joel Gachari , Sacco Rahedi , James Mwangi , William Rahedi , Spire Bank , Southern Credit Banking Corporation , Credit Society Limited Mwalimu National , Mwalimu National Sacco , Equity Group , Equity Bank Kenya , Equatorial Commercial Bank Limited , Equity Bank , Mwalimu National Cooperative Savings , Southern Credit Banking Corporation Limited , Society Limited , Mwalimu National , Spire Bank Chairman , Mwalimu Sacco Rahedi , Umwalimu Sacco , National Sacco Chairman ,

CBK, Treasury approve Equity Bank acquisition of Spire bank

CBK, Treasury approve Equity Bank acquisition of Spire bank
capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.

Rift Valley , Nairobi Area , Equity Group Holdings , International Bank Egypt , Spire Bank , Southern Credit Banking Corporation , Medium Enterprises Smes , Central Bank , Credit Society Limited Mwalimu National , Equity Bank Kenya , National Treasury , Equatorial Commercial Bank Limited , Bank Limited , Mwalimu National Cooperative Savings , Spire Bank Limited , Equity Bank , Southern Credit Banking Corporation Limited , Society Limited , Mwalimu National , Commercial International Bank , Medium Enterprises ,

Equity locks in teachers with Spire Bank purchase

Equity Bank will inherit over 20,000 depositors and 3,700 loan customers in the teachers-owned Spire Bank by November after signing a buyout deal. ....

Kenneth Otieno , Naushad Merali , James Mwangi , Spire Bank , Southern Credit Banking Corporation , Central Bank , Credit Society Limited Mwalimu National , Equity Group , Equity Bank , Equatorial Commercial Bank Limited , Mwalimu National Cooperative Savings , Umwalimu Sacco , Southern Credit Banking Corporation Limited , Society Limited , Mwalimu National , Siaya County ,

Mwalimu Sacco announces full acquisition of Spire Bank

Mwalimu Sacco announces full acquisition of Spire Bank
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Mwalimu National SACCO has announced its full acquisition of Spire Bank from businessman Naushad Merali of Sameer Group, for an undisclosed amount.
The bank, formerly known as the Equatorial Commercial Bank (ECB) traded 50% stake to Mwalimu National SACCO for Ksh.500 million. This was following approval by the Competition Authority of Kenya (CAK).
On 10th October 2014, Mwalimu National SACCO signed an agreement on to buy the banking and investment arm of ECB. The SACCO then became the majority shareholder in the Bank, having acquired a 75% stake at the cost of Ksh.2.6 billion. This was in the plan of the Sacco to acquire 51% and 24% stake in the second phase. ....

Naushad Merali , Brian Kilonzo , Spire Bank , Southern Credit Banking Corporation , Competition Authority Of Kenya , Equatorial Commercial Bank , Mwalimu National , Sameer Group , Competition Authority , ஸ்பைர் வங்கி , தெற்கு கடன் வங்கி நிறுவனம் , போட்டி அதிகாரம் ஆஃப் கேந்ய , பூமத்திய ரேகை வணிகரீதியானது வங்கி , அதே குழு , போட்டி அதிகாரம் ,