Determinants Of Interest Spread In Kenya

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Determinants Of Interest Spread In Kenya

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Author : Rose Ngugi
language : en
Publisher:
Release Date : 2004

Determinants Of Interest Spread In Kenya written by Rose Ngugi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Interest rates categories.

Assessing The Determinants Of Interest Rate Spread Of Commercial Banks In Kenya An Empirical Investigation

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Author : Maureen Were
language : en
Publisher:
Release Date : 2013

Assessing The Determinants Of Interest Rate Spread Of Commercial Banks In Kenya An Empirical Investigation written by Maureen Were and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.

Despite the liberalization of the financial sector, high interest rate spreads is still an issue of concern in a number of African countries, including Kenya. This paper investigates the determinants of interest rate spreads in Kenya's banking sector based on panel data analysis. The empirical results show that bank-specific factors play a significant role in the determination of interest rate spreads. These include bank size based on bank assets, credit risk as measured by non-performing loans to total loans ratio, liquidity risk, return on average assets and operating costs. The impact of macroeconomic factors such as real economic growth and inflation is not significant. Similarly, the impact of policy rate as an indicator of monetary policy is found to be positive but weak. On average, big banks have higher spreads compared to small banks. There is need for explore policy options meant to enhance competition in the industry and measures to break market dominance will be one such option. Further, the banking sector needs to explore internal as well as industry-driven strategies that counter some of the bank-specific factors associated with higher spreads. These could range from diversification of products to investment in cost-saving and efficient forms of technology.

Do Interest Rate Controls Work Evidence From Kenya

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Author : Mr.Emre Alper
language : en
Publisher: International Monetary Fund
Release Date : 2019-05-31

Do Interest Rate Controls Work Evidence From Kenya written by Mr.Emre Alper and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-31 with Business & Economics categories.

This paper reviews the impact of interest rate controls in Kenya, introduced in September 2016. The intent of the controls was to reduce the cost of borrowing, expand access to credit, and increase the return on savings. However, we find that the law on interest rate controls has had the opposite effect of what was intended. Specifically, it has led to a collapse of credit to micro, small, and medium enterprises; shrinking of the loan book of the small banks; and reduced financial intermediation. We also show that interest rate caps reduced the signaling effects of monetary policy. These suggest that (i) the adverse effects could largely be avoided if the ceiling was high enough to facilitate lending to higher risk borrowers; and (ii) alternative policies could be preferable to address concerns about the high cost of credit.

An Empirical Analysis Of Interest Rate Spread In Kenya

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Author : Rose Ngugi
language : en
Publisher:
Release Date : 2001

An Empirical Analysis Of Interest Rate Spread In Kenya written by Rose Ngugi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Interest rates categories.

Determinants Of Commercial Bank Interest Margins And Profitability

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Author : Asl? Demirgüç-Kunt
language : en
Publisher: World Bank Publications
Release Date : 1998

Determinants Of Commercial Bank Interest Margins And Profitability written by Asl? Demirgüç-Kunt and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Bancos comerciales categories.

March 1998 Differences in interest margins reflect differences in bank characteristics, macroeconomic conditions, existing financial structure and taxation, regulation, and other institutional factors. Using bank data for 80 countries for 1988-95, Demirgüç-Kunt and Huizinga show that differences in interest margins and bank profitability reflect various determinants: * Bank characteristics. * Macroeconomic conditions. * Explicit and implicit bank taxes. * Regulation of deposit insurance. * General financial structure. * Several underlying legal and institutional indicators. Controlling for differences in bank activity, leverage, and the macroeconomic environment, they find (among other things) that: * Banks in countries with a more competitive banking sector-where banking assets constitute a larger share of GDP-have smaller margins and are less profitable. The bank concentration ratio also affects bank profitability; larger banks tend to have higher margins. * Well-capitalized banks have higher net interest margins and are more profitable. This is consistent with the fact that banks with higher capital ratios have a lower cost of funding because of lower prospective bankruptcy costs. * Differences in a bank's activity mix affect spread and profitability. Banks with relatively high noninterest-earning assets are less profitable. Also, banks that rely largely on deposits for their funding are less profitable, as deposits require more branching and other expenses. Similarly, variations in overhead and other operating costs are reflected in variations in bank interest margins, as banks pass their operating costs (including the corporate tax burden) on to their depositors and lenders. * In developing countries foreign banks have greater margins and profits than domestic banks. In industrial countries, the opposite is true. * Macroeconomic factors also explain variation in interest margins. Inflation is associated with higher realized interest margins and greater profitability. Inflation brings higher costs-more transactions and generally more extensive branch networks-and also more income from bank float. Bank income increases more with inflation than bank costs do. * There is evidence that the corporate tax burden is fully passed on to bank customers in poor and rich countries alike. * Legal and institutional differences matter. Indicators of better contract enforcement, efficiency in the legal system, and lack of corruption are associated with lower realized interest margins and lower profitability. This paper-a product of the Development Research Group-is part of a larger effort in the group to study bank efficiency.

Banking Sector Interest Rate Spread In Kenya

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Author : Njuguna Ndung'u
language : en
Publisher:
Release Date : 2000

Banking Sector Interest Rate Spread In Kenya written by Njuguna Ndung'u and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Interest rates categories.

Interest Rate Liberalization

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Author : Mr.Bart Turtelboom
language : en
Publisher: International Monetary Fund
Release Date : 1991-12-01

Interest Rate Liberalization written by Mr.Bart Turtelboom and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-12-01 with Business & Economics categories.

This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest rates. Several factors—macroeconomic instability, oligopolistic financial markets, the absence of developed capital markets, as well as the sequencing of the liberalization programs and the asymmetric availability of information—explain the increase in the spread between lending and deposit rates as well as the rather inflexible pattern of interest rates during the transition to a market-based financial system.

Resolving Nonperforming Loans In Sub Saharan Africa In The Aftermath Of The Covid 19 Crisis

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Author : Luc Eyraud
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-08

Resolving Nonperforming Loans In Sub Saharan Africa In The Aftermath Of The Covid 19 Crisis written by Luc Eyraud and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-08 with Business & Economics categories.

Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.

Political Violence In Kenya

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Author : Kathleen Klaus
language : en
Publisher: Cambridge University Press
Release Date : 2020-05-28

Political Violence In Kenya written by Kathleen Klaus and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-28 with History categories.

An analysis of land and natural resource conflict as a source of political violence, focusing on election violence in Kenya.

Disease Control Priorities Third Edition Volume 6

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Author : King K. Holmes
language : en
Publisher: World Bank Publications
Release Date : 2017-11-06

Disease Control Priorities Third Edition Volume 6 written by King K. Holmes and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-06 with Medical categories.

Infectious diseases are the leading cause of death globally, particularly among children and young adults. The spread of new pathogens and the threat of antimicrobial resistance pose particular challenges in combating these diseases. Major Infectious Diseases identifies feasible, cost-effective packages of interventions and strategies across delivery platforms to prevent and treat HIV/AIDS, other sexually transmitted infections, tuberculosis, malaria, adult febrile illness, viral hepatitis, and neglected tropical diseases. The volume emphasizes the need to effectively address emerging antimicrobial resistance, strengthen health systems, and increase access to care. The attainable goals are to reduce incidence, develop innovative approaches, and optimize existing tools in resource-constrained settings.