Co-op Bank signals intention to acquire Jamii Bora

Jamii Bora bank along Koinange Street. [Edward Kiplimo/Standard]

Co-operative Bank has set sights on fully acquiring Jamii Bora Bank as competition in the banking sector intensifies.

The lender’s board has already given a nod for a discussion that would lead to 100 per cent acquisition of the Tier 3 bank.