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GAZETTE NOTICE NO. 660

THE BANKING ACT

(Cap. 488)

ACT

IT IS notified for information of the general public that pursuant to the provisions of section 9 (1) and (5) of the Banking Act: (a) The Shareholders of Spire Bank Limited vide a Resolution passed at a General Meeting held on the 8th September, 2022, approved the acquisition of certain Assets and Liabilities of Spire Bank Limited by Equity Bank (Kenya) Limited, pursuant to the Sale and Purchase Agreement dated the 12th September, 2022. (b) The Shareholders of Equity Bank (Kenya) Limited vide a Resolution passed on the 2nd September, 2022, approved the purchase of certain assets and assumption of the certain liabilities of Spire Bank Limited pursuant to the Sale and Purchase Agreement dated the 12th September, 2022. (c) Pursuant to section 9 (1) of the Banking Act, the Cabinet Secretary for the National Treasury and Planning on the 24th January, 2023, approved the acquisition of certain Assets and Liabilities of Spire Bank Limited by Equity Bank (Kenya) Limited. (d) The acquisition shall take effect on 31st January, 2023. Dated the 25th January, 2023. PATRICK NJOROGE, Governor, Central Bank of Kenya.

Dated the 12th September, 2023.

PATRICK NJOROGE,

Governor, Central Bank of Kenya.

Extracted Entities (1)

previous_gazette_ref

660

Details

Act / Legislation: THE BANKING ACT
Reference: Cap. 488
Section: section 9 (1)
Signed By: PATRICK NJOROGE
Title: Governor, Central Bank of Kenya
Date Signed: 12th September 2023
Page: 2
Extraction Method: regex

Source Gazette

Vol. CXXV No. 20

Published 10th January 2023