Biggest Kenyan banks being squeezed to the wall?

The East African nation’s largest banks all posted a drop in first-quarter earnings as a government-imposed cap on commercial lending rates curbed the amount they can charge for loans.

The decline in net interest income in the three months through March ranged from as much as 15 percent at Equity Group Holdings Ltd, the biggest lender by market value, to 1.5 per cent at Co-operative Bank of Kenya, which ranks at  number three.