Banks draw Sh32bn CBK emergency loans in two months

Kenya Bankers Association CEO Habil Olaka (right) at a bankers function in Nairobi on March 5, 2024. Lucy Wanjiru | Nation Media Group

Commercial banks have tapped Sh32.7 billion from the Central Bank of Kenya (CBK) discount window in the first two months of the year, pointing to liquidity woes facing the lenders.

The drawings in January and February are in contrast to a similar window last year when lenders did not tap a single cent from the CBK facility.

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