Kenyan banks face tough task in growing regional subsidiaries

What you need to know:

  • CBK 2017 report says the banks continue to experience mixed fortunes with overall profitability in the regional subsidiaries registering a slight decrease.
  • The decline was noted in Tanzania and Uganda, where six Kenyan banks posted losses.
  • Some markets, particularly South Sudan and Burundi, have proved volatile due to insecurity.

Despite venturing into the wider East African Community market hoping to replicate their success at home, Kenyan banks are not having it easy.

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