Oigara backs plan to review law capping interest rates

KCB Group chief executive Joshua Oigara. FILE PHOTO | NMG

KCB Group #ticker:KCB chief executive Joshua Oigara has voiced the bank’s support for a review of the interest rate capping law saying it is stifling credit flow and economic growth.

Mr Oigara, who was speaking when announcing KCB’s Sh19.7 billion full-year net profit for 2017, suggested sector-specific lending controls as opposed to the present blanket cap.

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