Kenyan banks are not deriving value in their regional operations with subsidiaries in volatile South Sudan unlikely to stay viable due to conflict and currency woes, investment bank Renaissance Capital says.
KCB, #ticker:KCB Equity Bank, #ticker:EQTY Stanbic and Co-operative Bank #ticker:COOP have seen their subsidiaries in the troubled country fall on hard times due to hyper-inflation and currency devaluation, coupled with an ongoing conflict that has nearly crippled the nascent country’s economy.
