October 20, 2017 / 9:22 PM / a year ago

BRIEF-‍Fitch says Kenya loan rate cap hits banks' loan spreads and lending​

Oct 21 (Reuters) - Fitch

* ‍Fitch says Kenya loan rate cap hits banks’ loan spreads and lending​

* ‍Fitch says ‍loan cap is also causing banks to reduce their lending to private sector as they can no longer price fully for higher risks​

* ‍Fitch says Kenya’s ‍small banks most affected by loan cap as they are more reliant on higher-risk/higher-return loans, on sectors where the cap hits hardest​

* ‍Fitch says ‍expect Kenya’s lending cap, deposit floor to be revised, although decision is unlikely before re-run of election later this month​ Source text for Eikon:

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