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CBK welcomes acquisition of Fidelity Commercial Bank

Central Bank of Kenya has welcomed the proposed acquisition of Fidelity Commercial Bank by Mauritius based SBM Group expected by end of December.

In a statement, the regulator said it has been advised by both SBM Holdings Limited (SBM Group) of Mauritius and Fidelity Commercial Bank Limited (FCBL) of SBM Group’s intention to acquire FCBL.

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