Banking stock shrugs off rate cap
5 days ago, 13:42
Investors who placed their biggest bet on their stake in banks or bought them during the turmoil that followed the passing of the interest capping law, are reaping the benefits of their decision. Shares of 10 of the 11 financiers listed on the Nairobi bourse have recouped hundreds of billions of shillings in losses they incurred during massive panic sale-offs after the Banking (Amendment) Act became law in September 2016. The ceiling of loan charges at 14 per cent saw risk-averse investors offlo ...
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