Nairobi, May 11 -- The National Treasury has allocated Sh1.125 billion to shore up capital for Consolidated Bank of Kenya, offering a boost to the State-owned lender that is currently in breach of regulatory capital requirements.

The 2026-27 draft programme-based budget shows the Treasury has earmarked the allocation to the lender in which it owns 93.5 percent stake.

The money, added to Consolidated's plan to dispose of non-core assets, including select buildings, will boost the lender's race to raise over Sh3.54 billion required to comply with revised capital law.

"Amount of funds injected to shore up capital for Consolidated Bank of Kenya Limited," Treasury disclosed under the planned allocation to the State Department for Public Inv...