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Consolidated Bank seeks fresh capital as losses eat into liquidity

Thomas Kiyai chief executive officer Consolidated bank of Kenya taken on 25th August 2015. PHOTO:WILBERFORCE OKWIRI

Consolidated Bank is now looking for an investor to inject additional capital after a series of losses depleted its capital.

Yesterday, the State-owned lender disclosed that it has been consulting with the National Treasury to seek ways of recapitalising to give it strong muscles to underwrite bigger businesses.

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