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Co-op Bank reveals Sh1 billion locked in Chase and Imperial
A Cooperative Bank of Kenya Shareholder peruses the investor report during the bank’s annual general meeting held at Safari Park Hotel in Nairobi yesterday. PHOTO | SALATON NJAU | NMG
Co-operative Bank of Kenya (Co-op) #ticker:COOP was forced to pay investors Sh923 million that its wealth management arm put in a fixed deposit account at the troubled Chase Bank.
Co-op Trust Investment Services Limited invests on behalf of investors like insurance and the money plus a Sh36 million interest is locked in the lender.
