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State revives plan to sell stakes in three lenders after plans to merge delayed

Consolidated Bank along Koinange Street. [Photo by Wilberforce Okwiri/Standard]

The Government has rekindled plans to sell its stake in three struggling lenders after efforts to merge them for more than a decade stalled.

The Privatisation Commission had recommended that Consolidated Bank, National Bank (NBK), and Development Bank be merged.

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