Treasury clears Co-op Bank ‘loan’ in Sh13bn debt write-off

The National Treasury has written off a legacy debt of Sh12.9 billion owed by Co-operative Bank to 11 firms, with some loans dating back to the 1970s. These loans, accumulated over decades, were removed from the books in June 2026. The write-off includes Co-op Bank, which benefited from this debt relief measure.