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
(C)2019 M2 COMMUNICATIONS http://www.m2.com
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 email@example.com]
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Jan 29, 2019|
|Previous Article:||Brexit could affect travel insurance.|
|Next Article:||HSBC expects increase in partnerships between Chinese and Malaysian firms.|