Banks liquidity drops below 50pc for first time since Covid on loans surge

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The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

Banks’ liquid assets fell below the 50 percent mark for the first time since the advent of the Covid-19 pandemic in the quarter ended March.

New Central Bank of Kenya (CBK) data shows the lenders’ cash or near cash assets stood at 49.9 percent in the three months, falling from 50.8 percent at the end of December.

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