Equity Bank Inks Asset and Liabilities Purchase Agreement

Equity Bank Inks Asset and Liabilities Purchase Agreement With Spire Bank

Spire Bank's struggle for survival ends in voluntary liquidation. Equity purchase collapses, leaving KDIC to manage the fallout of years of financial and operational woes.

The deal will see Equity, which has a KSh1.3 trillion asset base, take over KSh945 million in loan assets from struggling Spire Bank and deposit liabilities of KSh1.3 billion.