Consolidated Bank · LEAD
Consolidated Bank’s Insiders Feasted On 67pc Of Core Capital While Depositors’ Money Bled Into Negative Territory
A damning Auditor-General review has torn the cover off Consolidated Bank of Kenya, a state-owned lender that was technically insolvent on regulatory capital measures, exposing how its own directors, associates and employees kept extracting insider loans far beyond legal limits even as core capital sat deep in negative territory and nearly four in every ten shillings lent to customers had stopped being repaid.