×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

CBK outshines commercial lenders to post Sh17 billion profit

[Photo: Courtesy]

A strong shilling helped the Central Bank of Kenya to bounce back from a Sh4.6 billion loss in 2016 to post a net profit of Sh17 billion last year.

This makes the lender of last resort one of the most profitable banks in the country, only second to Kenya Commercial Bank, the biggest commercial lender by assets that made Sh19 billion over a similar period.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in