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Treasury clears Spire Bank's acquisition by Equity

Spire Bank

Spire Bank branch on Koinange Street in Nairobi on May 29, 2020. 

Photo credit: Dennis Onsongo | Nation Media Group

The National Treasury has approved the purchase of teachers’ owned Spire Bank by Equity Bank Kenya, handing a lifeline to the struggling lender. 

Central Bank of Kenya (CBK) Governor Patrick Njoroge on Friday said the acquisition will be closed on Tuesday next week.