Cash-strapped banks step up push for State loans

central bank of kenya cbk


Business Daily | by Brian Ngugi


Commercial banks have stepped up a push for cheap loans by the Central Bank of Kenya (CBK) to support their operations against a backdrop of the economic turmoil caused by the Covid-19 pandemic.

The regulator said in a credit survey report that the banks had proposed access to concessionary loans and the establishment of a credit guarantee scheme to shield them against defaults fuelled by pandemic…

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central bank of kenya cbk


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