KCB: 9-10% net interest margins are long gone
KCB Group says Kenya’s lower interest-rate environment is changing the economics of banking, with the lender saying net interest margins (NIMs) are entering a new range of about 6.5–7 per cent as monetary policy feeds through to lending rates. Group Chief Financial Officer Lawrence Kimathi said the decline in margins is most pronounced in KCB’s […]
We haven't written up this one. People Daily Kenya has the full story — the link below goes straight to it.
