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Originally published by Nation Businessbusiness
May 21, 2026
14h ago
Consolidated Bank wins more business on Mbadi directive
Mbadi's directive effectively places the State-owned lender at the centre of public sector transactions...
✨ Key Highlights
The Kenyan government, through a directive from Treasury Cabinet Secretary John Mbadi, is channeling more business to the Consolidated Bank of Kenya to bolster its role in financing development projects.
- Consolidated Bank is 93.4 percent government-owned.
- The directive urges ministries, departments, agencies, State corporations, and government-owned enterprises to utilize the bank's services.
- This initiative aims to strengthen the bank's deposit base, transaction volumes, and lending capacity, following its first profit in 11 years (Sh198.18 million in 2025).
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