Tag: #banks
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Nearly Half of Kenyan Banks Yet to Switch to New Risk-Based Loan Pricing Model
A new breakdown from the Central Bank of Kenya (CBK) shows a slow and uneven transition among lenders to the country’s updated loan pricing framework. Despite months of preparation and regulatory guidance, nearly half of Kenyan banks have yet to switch to the revised risk-based model that is meant to guide interest rate decisions more…
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The Risky Struggle With Loans In Kenya
As businesses continue to struggle in this country, financial institutions have also been going through the same challenges. To counter these difficulties, banks and micro-lenders have been issuing loans to their clients in hopes of making profits. In the process, however, lenders often end up with too many unpaid loans to chase after. For borrowers,…