Co-op Bank in Sh123.3m IFC-backed funding deal

Co-operative Bank CEO Gideon Muriuki. PHOTO | DIANA NGILA

Co-operative Bank #ticker:COOP is seeking Sh123.3 million ($1.19 million) funding to develop more loan products for small and medium-sized enterprises (SMEs) in a project financed by the International Finance Corporation (IFC).

In disclosures made on Friday, the IFC said the project, which will run until December 2018, will also train bank employees on serving SMEs.

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