Yetu Microfinance depositors move to NMB Bank

BoT placed Yetu microfinance under statutory administration for 3 months. PHOTO | COURTESY

By  The Citizen Reporter

Media/news company

Mwananchi Communications Limited

What you need to know:

  • This is the second time within two years that NMB Bank Plc is coming to the rescue of financial institutions that have had their operations suspended due to capital adequacy levels as the consolidation continues in the banking sector.

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