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Lender gets Sh2 billion for expansion

Sidian Bank is expected to receive a Sh2 billion loan from a Dutch lender in its attempt to grow the sprouting bank to tier two status.

“Sidian Bank has secured financing from The Dutch Entrepreneurial Development Bank (FMO), a development bank that will see the bank receive USD 20 million 5-Year loan facility as part of the strategy to grow the bank to tier two status,” announced the bank.

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