Printer Friendly

Kenyan central bank governor says banking sector risk is easing.

M2 EQUITYBITES-January 29, 2019--Kenyan central bank governor says banking sector risk is easing


Global Banking News - 29 January 2019

The governor of Kenya's central bank has said that bank credit risk is easing in the banking sector.

According to Reuters, the governor said that Kenya's banking sector credit risk is easing and added that banks need to be careful about risks and have to avoid reckless lending. Last year, bad debts at Kenyan banks increased to 12.4 percent of total credits. This was the highest level in more than a decade.

Governor Patrick Njoroge said that Kenya's economic growth was likely to rise to 6.3 percent this year from an estimated 6.1 percent in 2018.

[Editorial queries for this story should be sent to]

((Comments on this story may be sent to

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Geographic Code:6KENY
Date:Jan 29, 2019
Previous Article:Brexit could affect travel insurance.
Next Article:HSBC expects increase in partnerships between Chinese and Malaysian firms.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters