Commercial banks move to calm industry collapse rumours

Commercial banks have dismissed rumours on social media about the impending collapse of several lenders over liquidity constraints. PHOTO: COURTESY

Commercial banks have dismissed rumours on social media about the impending collapse of several lenders over liquidity constraints.

In a statement under the auspices of the Kenya Bankers Association (KBA), the banks termed the reports untrue and sought to assure their clients and the public at large that the sector remains stable.