State-owned Consolidated Bank of Kenya is sustaining its operations through emergency loans from the Central Bank of Kenya (CBK) amid capital shortfalls that have seen it approach the National Treasury for fresh funding.
The lender escalated its outstanding borrowing from CBK to Sh4.72 billion in the financial year ended December 2024, marking a 51.5 percent rise from Sh3.12 billion in the prior year as it grappled with breaches of minimum capital.
