Kenyan Banks Slide as President Signs Law Capping Interest Rates

Updated on
  • Lenders heading into uncharted territory, CBA’s Atiti says
  • Rate limits set to lead to consolidation, NKC’s Nel says

Shares of Kenyan banks plunged after President Uhuru Kenyatta signed a law that caps the interest rates lenders can charge on loans and set minimum payments on deposits.

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