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Credit Bank shareholders to decide on stake sale to US fund

Credit bank along Koinange Street, Nairobi. [Elvis Ogina, Standard]

Credit Bank is seeking shareholders' nod to sell a 20 per cent stake to a US-based fund.

The bank's board has called for an extraordinary general meeting on December 13 during which shareholders will vote on whether the lender should finalise the deal with Shorecap Fund.

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