NIC happened.

Co-operative Bank of Kenya has proposed to fully acquire Jamii Bora Bank, offering a lifeline to the troubled small tier lender that was also the target of CBA Bank. Jamii Bora has insufficient capital and has been looking for a buyer, partly under pressure from the CBK, which has preferred to shepherd mergers rather than shut down weak institutions. Analysts see Co-op Bank’s proposal as more of a rescue deal for Jamii Bora, adding that it will in the short term have little impact on the country’s third-largest bank by profitability. “We don’t think the acquisition will add much to Co-op’s balance sheet. Jamii Bora also has a leasing business; this may help Co-op grow its leasing business,” AIB Capital said in a brief following the deal’s announcement. “Early last year, it was reported that CBA was interested in purchasing the bank for Sh1.4 billion. We expect Co-op to offer a similar amount.” AIB noted that Jamii Bora, which has a 0.21 percent market share, has a high default rate. The small lender, whose latest available financial statements are for 2018, has bad debt amounting to 69 percent of its total loan book. Among those that were to be bought out in the CBA deal were former Jamii Bora’s chief executive, Sam Kimani, and his successor Tim Kabiru. The two were to get an estimated Sh238 million combined through their investment vehicle Asterisk Holdings, which has a 17 percent stake in the small lender. Private equity firm Catalyst Principal Partners was to get Sh224 million for its 16 percent equity while Shorecap Limited was in line for Sh238 million on its 17 percent equity. Jamii Bora Scandinavia was to get Sh224 million for its 16 per cent stake. The bank also has hundreds of individual investors. https://www.businessdail...487628-qo58yh/index.html

That was proposal, no formal engagement, just stealing some nights to visit this poor jamii girl who need dinner. The Jamii girl will at this point have no effects on figures coming soon FY2019. They will just mention the intention after proposal for the rich to marry from the poor Can see 1 to 1.40 bob coming soon as Dividend.

https://www.businessdail...523714-hhhac3/index.html Co-operative Bank of Kenya shareholders will from next week Thursday start receiving Sh5.86 billion dividend despite the coronavirus pandemic that has interfered with the holding of the annual general meeting (AGM). The lender has told its investors that the dividend shall be paid on or about April 23, being earlier than the pay date for last year when shareholders received dividends from June 7. This is in line with the advice from the Capital Markets Authority (CMA), which on April 3 allowed firms to pay dividends without approval from shareholders.

When is book closure? 14th?