Ericsson wrote:Coop bank requires ksh.12.5 billion to revamp Jamii Bora.
A dividend reduction,rights issue may be in the offing for shareholders.
What was Coop's PAT for 1H 2020?
12.5bn is a lot of cash! Though as the loans are paid off/collected, it may be recovered over time.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett