Kenyan listed banks have begun taking precaution against the grim earnings prospects triggered by slowdown in economic activities as a result of the high cost of living, which has left most borrowers struggling to repay their loans.
The tough operating environment has manifested itself mostly through a slowdown in earnings for retail banks which depend mostly on individuals and the small and medium-sized enterprises (SMEs) to shore up their non-funded (non-interest) income through increased banking transactions.
