Banking Sector To Survive Ongoing Headwinds

October 2008 | Economic Analysis

BMI View: Kenya's banking sector is set to suffer somewhat amid current macroeconomic headwinds, and we see scope for an increase in non-performing loans. Nevertheless, our outlook is positive for the medium-to-long term. Growth should be driven by increasing demand for financial services, a government-led drive to boost savings, and financial innovation including the extension of mobile banking and Shari'a-compliant products.

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