PREMIUM Banks to pocket Sh342bn in interest on State loans National Treasury will pay Sh986.7 billion to local lenders and Sh267.5 billion to external lenders. Finance and Markets Just now Listen
3 trillion domestic debt by the end of June, this sets the two categories of lenders as the biggest beneficiaries of interest payments scheduled for the current fiscal year.3 trillion) of Kenya’s Sh13 trillion public debt by the end of June was domestic debt, with debt from external lenders constituting 43.
Besides banks and other financial institutions, both pension funds and insurance companies are expected to pocket over Sh130 billion each from interest payments; government agencies will earn about Sh68 billion and normal Kenyan households that are holding treasury bills and bonds will earn Sh60 billion.
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