I dont think banks will take any bad hit from Corona. If they made even more money during that interest cap period and most people had spelt doom for the industry, then they will definately be stronger during thos period. Banks are clever my frenThis decision was timely. KCB is currently restructuring 80 billion worth of loans. Most banks will take a big hit from the pandemic. So will other listed companies. I think my decision to wait for Q3 was the right one. Expect even lower stock prices.
KCB restructures Sh80bn loans on corona cash crunch
KCB Group has restructured loans worth Sh80 billion in Kenya.www.businessdailyafrica.com