Banks cling on State papers in year of teetering regulations

Central Bank of Kenya. FILE PHOTO | NMG

Commercial banks have grappled with a year of changing regulations, making them cling on government paper to stabilise their earnings.

Last year started with uncertainty over transitioning from International Accounting Standard (IAS) 39 to International Financial Reporting Standard (IFRS 9).

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