[PHOTO: FILE]Central Bank of Kenya (CBK) loaned banks billions of shillings to remain afloat between June 2015 and 2016. CBK lent over Sh44.6 billion to banks as it moved to restore confidence in the market during a banking crisis that saw Dubai Bank, Imperial Bank and Chase Bank shut down. This saw CBK make a killing, pocketing a net interest income of Sh11.9 billion, up from Sh4.2 billion in 2015. Central Bank might make even better returns in the current financial year as it continues to lend to troubled banks. Evidence however shows CBK has reduced its lending to banks to mop up cash from the market.

Source: Standard Digital January 24, 2017 07:49 UTC