The Central Bank of Kenya (CBK) is open to offer emergency cash support to distressed Spire Bank whose core capital and shareholder funds have been wiped out by eight years of back-to-back losses.
CBK governor Patrick Njoroge said the regulator would grant the teachers-owned bank access to its discounted loan facility if it falls short of cash for its day-to-day operations in the short-term, including meeting customer demand.
