EDITORIAL: Banks must come clean

CBK data shows that there were banks paying as high as 12.5 per cent on the interbank market in the past one week. FILE PHOTO | NMG

A research by Financial Sector Deepening (FSD) Kenya has opened the lid on the opacity of an array of bank charges, painting a worrying picture of the sector.

It’s unacceptable that in this day and age bank charges are still shrouded in secrecy and complexities.

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Note: The results are not exact but very close to the actual.