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Top banks record Sh58.2bn gains on rebound in bond prices
The nine major lenders– Equity, KCB, Co-operative, NCBA, Standard Chartered, Absa, Stanbic, I&M and DTB – had previously recorded Sh36.9 billion in impairments on bonds held for trading in 2023 as interest rates rose.
Kenya’s top listed banks recorded Sh58.2 billion in paper gains from government papers held for trading purposes at the end of December 2024, as the price of State bonds in the secondary market recovered on falling interest rates.
The nine major lenders– Equity, KCB, Co-operative, NCBA, Standard Chartered, Absa, Stanbic, I&M and DTB – had previously recorded Sh36.9 billion in impairments on bonds held for trading in 2023 as interest rates rose.
