×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

Drop in banks half year profits forces them to lend

Standard Chartered Bank CEO Lamin Manjang is optimistic there would be more lending after price-risking lenders. [File,Standard]

Some Standard Chartered Bank customers could be turned away when seeking unsecured credit after the lender announced it has developed the capacity to price-risk loans better.

Chief Executive Lamin Manjang said the lender has segmented its borrowers and that this will allow it to resume lending despite the rate cap law that has dampened credit due to inability to price risk.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902