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New financial order shaping up as banks become bigger

The proposal by National Treasury Cabinet Secretary Henry Rotich for banks to increase their minimum core capital progressively for the next three years has opened a new opportunity for micro-finance institutions, investment clubs, Savings and Credit Co-operatives and other lenders to grow and increase their business volumes.

The picture looks rosier for those targeting the yet-to-be-explored, lower tier of the income pyramid.

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