Realtreaty wrote:Will the BANKS bleed heavily? Were they involved in the debate to curb Interest rates and what was their take and say?
If they were doing genuine business what is their worry.
Was this the reason Barclays Africa decided to sell after enjoying unregulated period for for a Century?
Time Banks invested on the Land assets they have and enter into partnership with growing commercial and Industrial businesses.
At this point banks should forget about generating income from interest income. They should think of commissions income, deals they make with partners becausw what I'm seeing is a point where bank shares will be dead beat. Bear effect and also cbk stringent rules on npl and uncertainty about change of laws on lending interest.
Things are going to be very tough.