The Central Bank of Kenya (CBK) handed Kingdom Bank, formerly Jamii Bora Bank, a Sh20.96 billion emergency cash lifeline last year to rescue the small lender from a liquidity crunch and fading customer confidence.
Co-operative Bank of Kenya -- which acquired a 90 percent stake in Jamii Bora Bank for Sh1 billion in August 2020 and renamed it Kingdom Bank — revealed the CBK loan facility that saved the small lender from an imminent collapse.
