KCB: 9-10% net interest margins are long gone

This story has significance for readers across Kenya and beyond.

KCB Group says Kenya’s lower interest-rate environment is changing the economics of banking, with the lender saying net interest margins (NIMs) are entering a new range of about 6.5–7 per cent as monetary policy feeds through to lending rates. Group Chief Financial Officer Lawrence Kimathi said the decline in margins is most pronounced in KCB’s […]

Reporting originally appeared via People Daily. Read the full source for additional context.