Banks accuse CBK of controlling loan rates
Banks accuse CBK of controlling loan rates Monday December 14 2020 By PATRICK ALUSHULA Multiple bank executives told Business Daily that the CBK has gone silent and failed to approve their submissions, forcing them to continue operating as if they are still under lending rate controls to avoid falling in trouble with the regulator. Banks say that the delayed shift to risk-based lending has forced many of them to deepen investment in government securities and restrict lending to high quality customers with lower risk of default. To play it safe, banks have cut the average lending rates in lin...
Source: businessdailyafrica.com