Nine commercial banks minted Sh110.39bn from government securities


Photo credit: Stanslaus Manthi | Nation Media Group

Kenya’s nine tier 1 banks made a total of Sh110.39 billion in interest income from their investment in government securities in six months.

Disclosures from the lenders ’unaudited financial statements show that the interest income they earned from their investment in government securities increased by 17.87 percent to Sh110. 37 billion in the six months to June 30, from Sh93.67 billion in the same period last year.

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