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Equity, Co-op Bank owe State millions in loans

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Business Daily | by Constant Munda


Equity Bank Kenya and Co-operative Bank are among five financial institutions owing the State more than Sh1 billion in outstanding loans, the Treasury has disclosed in a report to lawmakers.

The Treasury has listed the two top-tier lenders among 56 firms, mostly parastatals, which held Sh867 billion in outstanding loans from the national government at the end of June 2020…

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