CIC Insurance Group has resumed interest payment on a Sh4.5 billion loan owed to Co-operative Bank of Kenya following the expiry of a repayment break that was granted in the wake of Covid-19 pandemic disruptions.
The insurer discloses in its latest annual report that it, last year, paid Sh200 million to Co-op Bank as interest on the five-year loan, after the moratorium that started in 2021 lapsed in October 2022.
