Lenders cast nets beyond interest income

Some of the 300 ambulances that are to be leased by the government for the Kenya Prisons Service. FILE PHOTO | NMG

Stung by the interest rate controlling regime that took effect last year, Kenyan financiers are now casting their nets wide to turn the tide on declining earnings.

Banks are now increasingly looking at a piece of the leasing segment currently dominated by foreigners to shore up revenues.

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