Faulu has struggled with profitability, having gone for six years without a profit since Sh387.54 million posted in 2019.
By
Patrick Alushula
Business Reporter
Nation Media Group
Old Mutual has injected an additional Sh1.2 billion into its subsidiary Faulu Microfinance Bank as the lender steps up investments in technology, including its core banking system, to defend its market leadership.
Old Mutual becomes the second insurer this year to use share premium to clear its accumulated losses.
OM Bank CEO says the lender aims to redefine what banking means for the middle class
SBM Bank has been operating on thin capital adequacy ratios in the last one year.
Old Mutual Finance integration plans are on track to conclude by year-end
At least seven microfinance banks will need fresh capital to meet proposed CBK requirements.
MUA says in the latest review of operations in 2025 and the first quarter of 2026 that the under-capitalisation of the Kenyan arm…
