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Radio Generation Kenya

Reshuffle

Government reshuffles Consolidated Bank board ahead of sale
Business

Government reshuffles Consolidated Bank board ahead of sale

The board shake-up comes shortly after the bank reported a profit for the first time in over ten years, largely attributed to cost-cutting efforts. For the six months ended June 2025, Consolidated Bank posted a profit after tax of Sh12 million, reversing a loss of Sh84 million in the same period last year. The bank had consistently reported losses since March 2016.

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