Collateralised loans hit Sh10bn on CBK reforms

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

The value of collateralised borrowing between banks, represented by the horizontal repo market, has reached Sh9.8 billion after Central Bank of Kenya (CBK) led interventions.

Data from the CBK daily interbank lending activity reports has shown the resurgence of the horizontal repo market- the market through which lenders borrow and lend from each other by offering government securities as collateral.

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