Jamii bora bank has been re-branded, changing its name to Kindom bank limited after being acquired by Co-operative Bank of Kenya.
Co-operative Bank acquired majority of shares in the Bank and unveiled Anthony Mburu as the new Chief Executive Officer (CEO) of the institution.
“Pursuant to Central Bank of Kenya approvals, the former Jamii Bora Bank has changed its name and will now operate as Kingdom Bank Limited,” Dr Muriuki said in a statement.
“The acquisition offers Co-op Bank the opportunity to cross-sell and deepen product offering to the enhanced customer base and create a niche bank to offer specialised credit offerings,” said Dr Muriuki.
In the deal sealed in June, Kingdom Bank will now trade as a subsidiary of Co-op Bank, with its brand also en-robing the green colours.
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