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World Bank approves KSh 75 billion loan to Kenya despite warning from CBK boss

The National Bank of Kenya has a loss of Kshs 1.2 Billion for the Full year ended 31 December 2015 against a profit of Ksh 1.3 billion posted in the previous year . The huge drop is mainly attributed to Non Performing Loans which increased in the last quarter of 2015. Provisions and loan impairment charge increased by Ksh 3.2 [.]

Equity Bank managed to overcome a challenging operating environment to post a 7% increase in their net profit to Ksh. 16.3 Billion up from Ksh. 15.2 Billion in 2016. This rise in profits was informed by an 82% increase in the interest income from government securities to Ksh. 12.2 Billion. Non-interest income also grew by 20% to Ksh. 18.4 Billion as compared to Ksh. 15.2 Billion in 2016.

Family Bank has secured financing from the European Investment Bank barely two weeks after receiving a similar facility from a Netherlands Financier – Oiko Credit International. The Bank has received Ksh 3.33Billion (30Million Euros) to provide lower-cost long term loans to small and medium sized businesses in Kenya.

The Nation has learnt that the World Bank’s board is set to make a decision on whether or not to approve Nairobi’s application for a Sh75 billion loan. The type of credit Kenya has sought is a.

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READ ALSO: World Bank approves KSh 75 billion loan to Kenya despite warning from CBK boss Treasury boss Henry Rotich assured Kenyans the debt situation in the country was within manageable and sustainable level and that the government can even boroe more.

The World Bank has given Kenya a 100 billion concessional loan for energy, transport and water infrastructure projects for 10 counties in north and north eastern region. The fund is expected to.

 · Co-operative Bank has posted a 10 percent drop in its full year profit to Sh11.4 billion down from Sh12.7 billion a year earlier. The drop was occasioned by a.

READ ALSO: World Bank approves KSh 75 billion loan to Kenya despite warning from CBK boss Treasury boss Henry Rotich assured Kenyans the debt situation in the country was within manageable and sustainable level and that the government can even boroe more.

This comes a few months after the World Bank also approved Ksh.18 billion to support the energy sector in Kenya. The loan guarantee will be used to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen).

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