CBK loans to banks up on liquidity crunch

 Central Bank of Kenya

The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG
 

An interbank liquidity crunch pushed banks to borrow a record Sh40 billion from the Central Bank of Kenya (CBK) in six months to December last year.

A CBK report shows that advances to commercial banks rose from Sh71.8 billion in June last year to a record high of Sh111.7 billion by end of December.

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