Tough options for banks that refused to lend to WanjikuGrowing risks this year may lift the veil on banks’ inexhaustible sources of growth, exposing them to the pain being experienced across the economy. “We are facing challenges in interest income revenues which has been the reserves of what banks actually do. This year will prove a crucial marker for banks looking for pockets of growth to maximise business in a rather narrow market. If big banks like KCB are struggling to get affordable money, then small lenders face a serious liquidity crunch. Barclays’ Mr Awori said if the trend was repeated this year, banks would no longer be in business.

Source: Standard Digital March 11, 2019 21:06 UTC