Co-op Bank struggles to recover Sh287m public loan

City residents walk past Co-operative Bank branch on Kenyatta Avenue. PHOTO | DENNIS ONSONGO | NMG

The Co-operative Bank of Kenya is struggling to recover part of Sh287.42 million loans it received from the Treasury for on-lending to government projects, according to the latest disclosures on the country’s debt status.

The bank, Kenya’s fourth-largest by market share, was among six privately-owned lenders which were listed by the Treasury for owing the State nearly Sh1.08 billion in on-lent loans at the end of June 2020.

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