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Small banks bear brunt of rate cap in second quarter
Banking Tier III banks in Kenya reported near flat earnings in the second quarter of the financial year hit by interest rate ceiling law among other factors. FILE PHOTO | NMG
Commercial banks have just published their second quarter results for the period ended June 30, 2017. How did they fare?
Well, they delivered flat earnings on a quarter-on-quarter basis, perhaps a pointer to the fact that banks were largely not keen on booking new risks during the period.
