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Loans: Banks fail self-regulation test

 

Co-operative Bank banking hall in Nairobi.[David Njaaga,Standard]

Banks have over the last week been falling over themselves to reduce their lending rates but only after the Central Bank of Kenya (CBK) threatened to penalise them for failure to pass on the benefits of lower interest rates to their customers. 

The developments mirror the past, where the banks sustained high costs...

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