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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

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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.

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Publication:M2 EquityBites (EQB)
Geographic Code:6KENY
Date:Jan 29, 2019
Words:150
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