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Weak shilling hurts banks || On the money

Top Kenyan banks recorded gains worth 35.8 billion shillings when converting the 2023 financials of regional subsidiaries into Kenya shillings, reflecting the effect of a weaker currency in the period under review. This is a whooping 6.6 billion shillings less what the lenders earned in the preceding year. This week, On the money, NTV's Brian George crosses the T's and dots the i's explaining what happened, in a year that saw the Kenyan shilling record sharp volatilities. Take a look.
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