EBRD and Co-operative Bank of Kenya Sign Currency Swap Agreement
EBRD (European Bank for Reconstruction and Development) has concluded a US$ 50 Million cross- currency swap agreement with the Cooperative Bank of Kenya that will enable the Kenyan lender to access financing denominated in Kenya Shillings. This is the first time that the Kenya Shilling Overnight Interbank Average(KESONIA), Kenya’s new reference rate for financial transactions, […]
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EBRD (European Bank for Reconstruction and Development) has concluded a US$ 50 Million cross- currency swap agreement with the Cooperative Bank of Kenya that will enable the Kenyan lender to access financing denominated in Kenya Shillings. This is the first time that the Kenya Shilling Overnight Interbank Average(KESONIA), Kenya’s new reference rate for financial transactions, […]
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About this article
- Length
- 56 words · 1 min read
- Published
- September 18, 2026
- Byline
- JACKSON OKOTH
- Source
- Business Today Kenya