Kenyan Banks Avert Liquidity Crisis

• Treasury decides against moving parastatal deposits to Central Bank, mitigating liquidity risks for Kenyan banks.
• Banks will integrate systems with Treasury for balance visibility instead of transferring funds.

Nairobi, Kenya – Kenyan banks have been spared a looming liquidity crisis after the National Treasury revised its plans to consolidate parastatal deposits into a single account at the Central Bank of Kenya (CBK).