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CBK launches facility to any bank or microfinance institution facing liquidity issues

11, Apr 2016

The Central Bank of Kenya will, starting today launch a facility to any bank or microfinance institution facing liquidity problems through no fault of its own. Speaking to the press on Sunday governor Patrick Njoroge, reaffirmed that there was no need for panic withdrawals; as the issue with chase bank is not the case with all other banking institutions. Chase bank was placed under receivership on Thursday last week after its gross non-performing loans rose sharply in 2015 financial year.

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