The interest rate started rising in Dec the last month of Banks FY...Now KCB has produced some very starling results Although it borrowed 8B to icrease its liquidity during the period.
Q1 will be very decisive in knowing how the rise in interest rates have impacted the banking industry especially the massive losses on Bonds and Liquidity issues that might result from the high cost of funds.
The strengthening of the KSh. might hit the banks who were holding the dollar if they did take the advantage of the swing.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3