Commercial banks say they will continue lending to the government at the expense of businesses and individuals if legislators make good their threat to shoot down the proposed removal of interest caps, bosses of two leading lenders have warned.
Equity Bank #ticker:EQTY chief executive James Mwangi and his Barclays counterpart Jeremy Awori have argued that the one per cent cut in Central Bank of Kenya’s (CBK) benchmark rate has locked more firms and individuals out of the credit market.
