Banks continue to tighten screws

Friday, November 27, 2015

Earlier this year, BoB released P 2. 3 bn into the market

While the Monetary Policy easing might have been a welcome development for consumers, commercial banks are finding it hard to exceed or reach their targets because of this.

This has compelled banks to think of more innovative ideas in order to stay afloat and most importantly shift focus.

Lending rates have drastically gone down in the past two years. Laws and regulations, coupled with the economic situation, have also not made the already suppressed margins better.

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Banks continue to tighten screws

While the Monetary Policy easing might have been a welcome development for consumers, commercial banks are finding it hard to exceed or reach their targets because of this.