The dispute centres on loans totalling Sh1.2 billion advanced to two sister firms, Jabavu Village Ltd and Hasson Pharmaceuticals Ltd, which were secured using the Upper...
Credit Bank is seeking regulatory approval from the Central Bank of Kenya ahead of a planned extraordinary general meeting at the end of November.
Approximately 60 percent of Credit Bank’s loan book is classified as non-performing—meaning three out of every five borrowers have stopped paying.