Bank bosses call for forced consolidation to boost sector

Central Bank of Kenya(CBK) Governor Patrick Njoroge speaking after Chase Bank was placed under receivership, said he prefers better supervision of banks over having larger lenders {Photo Courtesy}

Forced consolidation is the only way to go if banks are to be strengthened to withstand industry shocks.

This was the message from KCB Group CEO Joshua Oigara, Kenya Bankers Association CEO Habil Olaka and NIC Bank CEO John Gachora at a business forum over the weekend.