Banks beg CBK to keep financial support secret

Central Bank of Kenya building in Nairobi. FILE photo | nmg

Commercial banks want the Central Bank of Kenya (CBK) to lend them money cheaply to support their operations, but do so discreetly to spare them the risks of being viewed as weak by investors and depositors.

The regulator said in a credit survey report that the banks had proposed to access money through its discount window “without the stigma that is associated with use of” the facility.

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