Commercial banks have continued to extend relief to borrowers with loan restructures to cushion against the pandemic hitting Ksh.844.4 billion in June.
The improvement of restructured loans from Ksh. 679.6billion in May is in line with the Central Bank of Kenya (CBK) emergency measures announced in Mid-March to shield borrowers from the economic turmoil arising from COVID-19.
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The National Treasury has upped the ante in domestic borrowing as it now seeks Ksh.70 billion in August’s infrastructure bond sale.
The raised target in the bond sale from Ksh.60 billion sort in July’s bond sale is attributed to the government’s quest to filter in high investor appetite for Treasury securities amidst COVID-19 led volatility in riskier investment classes.
