Boost for Consolidated Bank as Treasury allocates Sh1bn for capital

A Consolidated Bank of Kenya branch in Nairobi.

Photo credit: File | Nation Media Group

The National Treasury has allocated Sh1.125 billion to shore up capital for Consolidated Bank of Kenya, offering a boost to the State-owned lender that is currently in breach of regulatory capital requirements.

The 2026-27 draft programme-based budget shows the Treasury has earmarked the allocation to the lender in which it owns 93.5 percent stake.

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