Banks take a hit from costly of loans
16 December 2011, 08:31
A sharp increase in interest rates has slowed down the uptake of
new loans, setting up commercial banks for less profit in the last
quarter of the year.
Official data shows that bank loans and advances
stayed flat at Sh1.2 trillion in September, reflecting the negative
impact that the steep rise in the cost of loans has had on borrowing.
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