NAIROBI (Reuters) – Kenya central bank governor said on Tuesday ongoing consolidation in the banking sector will continue.
Thank you for reading this post, don't forget to subscribe!“We are not done yet,” Patrick Njoroge told a news conference, adding that the market-driven consolidation was working.
There has been significant consolidation among Kenyan banks since two mid-sized lenders were closed due to liquidity problems, with the most recent major deal being the acquisition of National Bank of Kenya by KCB Group.