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Co-operative Bank sees salary advances double as economic crisis bites

April 20, 2021
in Business, News
Reading Time: 1 min read
CBK gives Co-op Bank green light to acquire Jamii Bora
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Co-operative Bank data shows that the number of customers taking the e-credit, mostly for short-term goals such as buying food and paying rent, also jumped 1.6 times to 4.64 million.

The increased requests for salary advances saw the cumulative short-term loans issued via mobile phones jump by 92 per cent to Sh122.23 billion at the end of December.

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