Culpable. Faida is said to have cooked Uchumi Supermarkets’ books during the 2014 rights issue

Faida Bank Founder and Nairobi Securities Exchange Vice Chairman Bob Karina (Center) at a past event (File, Standard)

NAIROBI, KENYA: Corporate governance breaches that saw Faida Investment Bank slapped with a trade ban have hit the firm hard, sending it into losses for the six months to June.

The investment bank posted an after-tax loss of Sh6.9 million as at June this year compared to a profit of Sh6.9 million in a similar period last year.