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The Standard Group Plc is a
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Togo-based Ecobank Transnational Incorporated (ETI) has injected Sh4.325 billion into Ecobank Kenya, effectively doubling its lending capacity.
This comes at a time when banks have been digging into the bond market to shore up their capital base, ahead of the new prudential guidelines set out by Central Bank of Kenya. These new capital adequacy ratios take effect in January 2015. Ecobank Kenya has gradually been boosting its financial war chest, as it angles to finance mega projects and transactions including cross-border and regional trade - its niche in the local and regional banking space.
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