Kenya’s banking sector appears to be undergoing some restructuring, as around 1,620 employees of listed banks in the country were…
AWARDS
Banks in Europe have been facing challenges on several fronts since the great financial crisis of 2008. The spreads that they earn between their borrowing costs and the rates at which they lend have been under pressure. At the same time, nonperforming loans have been mounting.
In both Asia and Australasia—collectively known as the Asia-Pacific—economic growth is slowing. In turn, the region’s banks are now having to settle for thinning margins, moderately declining profitability and increasing competition, originating from the burgeoning fintech sector in particular.