Consolidated Bank’s Insiders Feasted On 67pc Of Core Capital While Depositors’ Money Bled Into Negative Territory

A damning Auditor-General review has torn the cover off Consolidated Bank of Kenya, a state-owned lender that was technically insolvent on regulatory capital measures, exposing how its own directors, associates and employees kept extracting insider loans far beyond legal limits… A damning Auditor-General review has torn the cover off Consolidated Bank of Kenya, a state-owned lender that was technically insolvent on regulatory capital measures, exposing how its own directors, associates and employees kept extracting insider loans far beyond legal limits…