100% Acquisition of Kingdom Bank by Co-op Bank
Kingdom Bank Ltd. (JBB) announces that its board of directors has approved the progression of discussions with the Co-operative Bank of Kenya Ltd. (Co-op Bank), which if successful would lead to Co-op Bank acquiring 100% shareholding in JBB. In the context of …
Kingdom Bank Turns to Insurance to Solve Collateral Problems for SMEs
Kingdom Bank prides itself on being innovative when seeking solutions to provide financing to Small and Medium-Sized Enterprises (SMEs). The Bank is now allowing SMEs to obtain bank guarantees and stock financing loans using insurance as collateral instead of the traditional collaterals …