Barclays sounds the alarm on banking overregulation

Barclays Kenya managing director Jeremy Awori. FILE PHOTO | NMG

Barclays Bank of Kenya #ticker:BBK says it sees banking services possibly becoming more costly in the near future due to increased regulations in the sector.

The lender, with more than 100-years presence in Kenya, says the sector is likely to face more regulations in 2019, complicating operations in the sector even as regulators tighten rules to grow trust in the market.

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