Banks Books Cooking Unsustainable - Another cry for help from CBK/Broke Treasury

[gout]

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It is not making sense. At one end bank deposits are said to be at a high, on the other they want broke borana elder to rescue them.
The opus dei brother seems dazed by the creative accounting. He needs a serious forensic audit team not wait for the excel sheets from the banks.

The amount of cash held in banks fixed deposit accounts rallied to an eight-month high of Sh1.53 trillion in March as the economy gradually picks up from the knocks of the Covid-19 pandemic.

https://www.businessdailyafrica.com/bd/markets/market-news/fixed-bank-recover-on-growing-lending-appetite-3402904?view=htmlamp

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.

In the credit survey report, the CBK said that 65 percent of the banks had seen an improvement of liquidity by March 31 while 35 percent of them had witnessed a decline in available funds in the period. This compares to 74 percent of the banks that had seen an improvement of liquidity by September and 24 percent of them which had seen a decline in the same highlighting a worsening of the bank's fortunes due to the economic fallout of the pandemic.

https://www.businessdailyafrica.com/bd/markets/market-news/cash-strapped-step-up-push-for-state-loans-3405350

[RV Pundit]

With all the doubtful and bad loans - many small under-capitalized banks must be going under.

[patel]

About time to look up for fire sales. Land and property purchase at all time low. Feels likes Moi Kanu dark days all over again. People are crying in the toilets. No respite.