Kingdom Bank Explained

Kingdom Bank Africa Limited (KBAL) was a bank in Botswana established in the 1990s.[1] It was closed down in 2015 when it was found to have become insolvent; the central bank of Botswana found that its liabilities exceeded its assets by around $17 million and withdrew its license.[2]

Notes and References

  1. Zimville website, 27 Feb 2015, retrieved 5 July 2015. "CHANAKIRA ON BANK COLLAPSE : ITS SAD" http://www.zimville.com/blogs/t/119430/kingdom-africa-bank-limited
  2. Nehanda Radio website, 19 June 2015. "Botswana shuts down Kingdom Bank" http://nehandaradio.com/2015/06/19/botswana-shuts-down-kingdom-bank/#sthash.noFhD6XA.dpuf

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