Co-operative Bank #ticker:COOP has secured a Sh1.6 billion loan from Swedish State-owned investor Swedfund for onward lending to small and medium- sized enterprises (SMEs) in the country.
While announcing the long-term funding, whose interest rate was not disclosed, Swedfund said that the facility would uplift Co-op Bank's lending to the small enterprises who have been most affected by economic disruption from the Covid-19 pandemic.
