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Kenya banks to review lending policies

Published on February 08, 2016

Kenyan borrowers risk losing out on credit as commercial banks review their lending standards in the light of growing political jitters in the run up to the country’s 2017 presidential elections.

Analysts say tighter credit is likely to choke private investment and stifle the budding economy.

However big (Tier 1) lenders will continue to sustain higher margins due to higher yielding retail loans and stronger low-cost retail deposit penetration by virtue of their expansive branch networks and higher investment in mobile and agency banking, according to analysts at the UK-based Exotix Partners. Read more. Source | The East African