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Equity to Take Over Teachers’ Troubled Spire Bank

Dubbed Project Gamma, it will reportedly see Equity onboard the teachers' Spire Bank deposits and push to recover the bank's non-performing loans. Equity, a tier-1 lender, will take over just under Ksh900 million in assets and Ksh1.3 billion in liabilities.

Teachers Get Their Own Bank. But is it Worth It?

Spire Bank says the share sale, which was concluded at the end of November, is a tactical move to bring on board a strategic investor.

Teachers Risk Losing Billions to Sinking Bank

Customer deposits have dried up rendering it near impossible to sustain daily operations

CIC and Spire Bank to sell co-branded insurance products

CIC Life Assurance has entered into a partnership with Spire Bank to distribute co-branded life insurance products. The strategic relationship involves CIC Life leveraging on its insurance strengths while Mwalimu Sacco majority-owned Spire Bank’s branch network will lend critical insights in distributing financial services to...