Kenyan governor outlines three pillars for ‘new normal’ in banking
2016 to be a year of “transition” for banking in Kenya, says Patrick Njoroge
The Central Bank of Kenya wants to usher in a "new normal" in the country's banking sector, built on three "key pillars", its governor said in its latest annual report on the area, published on August 2.
The three pillars revolve around greater transparency, stronger governance and "effective" business models, Patrick Njoroge said. These would "underpin the emergence of a stronger, resilient banking sector", he said.
The governor said 2016 would be a year of "transition" for the central bank,
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