Postbank eyes Muthaiga property sale to boost capital

The loss-making Postbank may earn about Sh2.15 billion from the sale of land alone. FILE PHOTO | NMG

Kenya Post Office Savings Bank (Postbank) has put on sale its multibillion-shilling developed property in Muthaiga as it seeks to shore up its cash position ahead of planned transformation into a commercial lender.

The State-owned savings bank, which is keen on venturing into issuance of loans subject to fresh capital investment and approval from the Central Bank of Kenya (CBK), has issued a notice inviting prospective buyers to bid for the Postbank Training Centre.

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