Bank for sale

The Government intends to sell a portion of Development Bank of Kenya (DBK) to a strategic investor.

The goverment, through ICDC owns 90% of the Bank which was almost merged with Housing Finance in 2005.

DBK is Kenya’s 34th largest bank with assets of Kshs. 3.9 billion ($55 million)

One thought on “Bank for sale

  1. coldtusker

    The bank is cash rich… it would have been a good fit for HFCK…

    Since Equity purchased the retail loans from them… I have a sneaky feeling… Equity or HFCK will buy/merge the bank in exchange for shares!!!

    It will give Equity the Shareholders equity it needs to continue growing its balance sheet!

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