Business Daily | by Otiato Guguyu
Bank share prices have fallen by an average 32.8 percent since the start of the year, mainly hit by a decision by the Central Bank of Kenya (CBK) to freeze a bid to raise cost of loans following the scrapping of lending rate controls on November 7, 2019, analysis shows.
The regulator had asked banks to submit new loan pricing formulas that would be the basis of setting interest rates on new credit in an environment where the government was not controlling loan costs…
