The balance sheet grew by 6% growth amidst a tight liquidity environment that pushed the interbank rates to a high of 17.38%. The bank capitalised on this by diversifying excess cash to interbank market. This is despite a decline in Key interest earning assets i.e., loans and advances reduced from Kes 18.8 Bn to Kes 16.8 Bn in December 2023 due to larger than normal repayment of existing loans.

Investment in government securities decreased from Kes 14.5 Bn to Kes 12.9 Bn in December 2023. The volatility in interest rates within the economy continues to create uncertainty in the investment environment which saw the bank shy away from investing in long-term Government securities mainly Treasury Bonds.