Bank of Africa sells Sh479.9 million office space to meet CBK ratio

A Bank of Africa branch in Nairobi. FILE PHOTO | NMG

Bank of Africa (BOA) Kenya has sold part of its head office for Sh479.9 million in the last two years in a bid to comply with regulatory requirements limiting investment in land and buildings.

The bank discloses in its latest annual report that it disposed part of its office space to Saham Insurance for Sh100.2 million in the year ended December 2019, continuing a trend it started the year before.

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