This is how My Chat with a bank CEO begun at 10 am on the KBA website. JACKSON OKOTH While the Central Bank Rate(CBR)rate has remained at 8.5 per cent since May 2013, banks have not responded by cutting down their lending rates. Why is this? Chat Admin Jackson, weve noted your question...we will get Arun Mathur to respond when he joins at 10...thanks Chat Admin JACKSON OKOTH The Central Bank of Kenya has moved the period after which provision is made for a bad debt from three to two months, how is this going to affect operations of commercial banks? Chat Admin Thank you Jackson... JACKSON OKOTH The grapevine has it that a Chinese bank is planning to enter the Kenyan market, a move that complicate the interest rate environment and drive mant banks out of business. What is your take on this? ...interesting point Jackson on China... Chat Admin ...we appreciate you all for logging in ahead of time...we start in a few minutes... Chat Admin Arun has just logged on...
Posted on: Wed, 05 Mar 2014 09:37:39 +0000
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