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Once ailing banks get new lease of life from the industry's 'big boys'

Shoe Heaven
 Jamii Bora bank along Koinage Street. [Edward Kiplimo,Standard]

Erstwhile struggling banks are now finding strength under the wings of their new owners following acquisitions that gave them access to billions of shillings.

Lenders, including Jamii Bora Bank, National Bank of Kenya (NBK), Transnational Bank (now Access Bank) and Mayfair Bank, which were struggling to keep their heads above the water are now swimming in cash.

Others, which were acquired by non-banks, such as K-Rep Bank (now trading as Sidian Bank) are also finding a new sense of direction.

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