Bank earnings dip to lowest levels since January owing to interest rates cap.
- January 29, 2017
- Posted by: ekvassoc_user
- Category: Uncategorized
The move to cap interest rates on loans has reduced bank profits before tax for the month of October. According to the economic indicators update prepared by the Central Bank of Kenya (CBK) for October, Sh9.3 billion was the lowest earning since January. Profitability declined for the fourth straight month since the year high Sh15.6