Video: Impact of interest rate controls on SME lending - CNBC Africa

Impact of interest rate controls on SME lending

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The cost of risk in Kenya's banking sector has risen to 2.48 per cent as at December 2016, from 1 per cent in the previous year. However, commercial banks are unable to price the risk on interest rates charged on loans, following introduction of interest rate controls in the fourth quarter of last year. Joining CNBC Africa to discuss how banks are lending to SMEs in this tight environment is Jeff Ngeta, Head of Retail and SME banking at Spire Bank.

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