The Co-operative Bank #ticker:COOP took a loan of Sh549.8 million from the Kenya Mortgage Refinance Company (KMRC) last year for onward lending to home buyers, disclosures by the lender’s majority shareholder show.
Co-op Holdings, the majority shareholder of the listed lender, said the bank inked the agreement with KMRC in June last year but did not state the maximum amount that would be available to the bank under the deal.
