Equity Bank plan to buy struggling Spire Bank is the best deal available in the market, the Central Bank of Kenya told Parliament yesterday.
CBK governor Patrick Njoroge told MPs that the deal is the best chance to protect the interest of depositors and creditors of Spire Bank. Mwalimu Sacco, which owns Spire Bank, inked a deal with Equity Bank to save the tier three lender from liquidity challenges.
