Business Daily | by Patrick Alushula
Co-operative Bank of Kenya will require up to Sh12.5 billion to revive the fortunes of the acquired of Jamii Bora, now trading as Kingdom Bank, a valuation report commissioned by the lender shows.
The report by the NCBA Investment Bank for internal use by Co-op Bank shows that the figure is based on the fact that Jamii Bora’s capital base had been significantly eroded by losses.
It was among the documents that Co-op shared with the Capital Markets Authority (CMA) and shareholders when…
