Stanbic raises Sanlam loan cap to Sh5bn

Sanlam House on Kenyatta Avenue in Nairobi.  

Photo credit: File | Nation Media Group

Stanbic Bank Kenya has raised its revolving loan to Sanlam Kenya by 67 percent to Sh5 billion, with the insurer’s parent firm providing the guarantee.

South Africa’s Sanlam Limited, which owns 57.14 percent in Sanlam Kenya, says the revolving credit facility has been increased from Sh3 billion.

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