NCBA #ticker:NCBA, Stanbic #ticker:SBIC and Co-op Bank #ticker:COOP have won a lucrative contract to keep more than Sh31.2 billion in annual pension contributions by public servants following the rollout of the fund on January 1 this year.
The Treasury picked the three banks as custodians of the billions of shillings collected from more than 350,000 civil servants, including police officers and teachers, who started contributing to their own pension saving scheme eight months ago.
