IFC to inject Sh4bn into DTB, Chase banks

Mr Alkarim Jiwa, DTB chief finance officer. PHOTO | DIANA NGILA

International Finance Corporation (IFC) is set to invest Sh4 billion in DTB and Chase banks, some of the fastest-growing Kenyan financial institutions.

The World Bank private financing arm is proposing to lend $25 million (Sh2.22 billion) to Chase and $20 million (Sh1.77 billion) to listed Diamond Trust Bank.

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