“Banks seem to be increasingly focusing on effective management of savings and fixed deposits. The shift from unsecured credit is evident,” Mr Jared Osoro, KBA director of research and policy, said at a press briefing. An investment has negative real returns when the rate of inflation exceeds its percentage gain. LOANSKenya’s inflation trended above 11 per cent in April and May, slightly above the three-month and six-month Treasury bills yields at the time. Banks have also introduced measures that have made it difficult for borrowers to qualify or finance their loan applications.

Source: Daily Nation October 23, 2017 17:03 UTC