Top banks book Sh18bn gain from rising bond prices

Domestic interest rates have peaked since August, with CBK cuts giving impetus to the unwinding of government bond yields.

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Kenya’s top nine listed banks have recorded Sh18 billion in paper gains from government securities held for trading purposes as bond prices begin to rise again.

The fair value gains made across nine months to September 2024, are a reversal of losses made at the same time last year, when bond prices fell as interest rates on the securities soared.

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Note: The results are not exact but very close to the actual.