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Revealed: Sh21bn CBK bailout for Jamii Bora Bank


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. ....

South Sudan , United Arab Emirates , Jamii Bora , Patrick Njoroge , Consultancy Insurance Agency , Spire Bank , Central Bank , Other Bank Group , Kingdom Securities , Co Optrust Investment Services , Dubai Bank , Bank Fleet Africa Leasing , Capital Markets Authority , Kingdom Bank , Chase Bank , Investment Bank , Equity Group , Jamii Bora Bank , Imperial Bank , Insurance Group , Bank Kenya , Co Operative Bank Kenya , Commercial Bank , Co Op Bank , Project Hope , Co Op Bank Group ,

Top corporate deals of 2020


Top corporate deals of 2020
Monday December 28 2020
Cooperative Bank of Kenya officially acquired 90 percent stake in Jamii Bora Bank on August 21. FILE PHOTO | NMG
By BRIAN NGUGI
Summary
Some of the recent merger and acquisitions activity cut across key sectors including financial services, renewable energy and technology.
This is expected to intensify. Below are some of the top deals for 2020.
Some of the recent merger and acquisitions activity cut across key sectors including financial services, renewable energy and technology. This is expected to intensify. Below are some of the top deals for 2020.
Co-operative Bank acquires Jamii Bora Bank for Sh1bn ....

United Arab Emirates , United Kingdom , New York , United States , New York Stock Exchange , City Of , Al Qahirah , South Sudan , Indian Ocean , Saudi Arabia , National Bank , Jamii Bora , Addis Ababa , Atlas Mara , Binod Chaudhary , George Arthur Forrest , Philip Ndegwa , Equity Fund , International Finance Corporation , Eastern Africa Holdings , Fleet Africa Leasing , London Stock Exchange , International Bank , Lion Insurance Holdings , Kenya Allianz Insurance Company Of , Bank South Sudan ,