A big chunk of the money, about Sh111.3 billion, is loan-loss provisions, while the remaining Sh20.6 billion is in the form of tax credits. Co-operative Bank, on the other hand, expects to claw back close to Sh7.46 billion, Absa Bank Sh9.42 billion and Standard Chartered Sh4.97 billion. Diamond Trust Bank will be Sh12.2 billion better off, while Stanbic Bank will recover Sh4.6 billion and I&M Bank Sh3 billion. Since March last year, the National Treasury through CBK has borrowed an additional Sh228.4 billion from banks through issuance of government securities, official data shows. Their losses increased from Sh2 billion to Sh3 billion.

Source: Standard Digital July 19, 2021 23:33 UTC