Bank loans: Seeing past narrow interest rates Justus Ondari
Publication details: Nairobi Nation Media Group Thursday April 2 2009Description: p.6 [Money], Daily Nation, Thursday April 2 2009Subject(s): Summary: The CBK has been trying to find ways of increasing transparency in the banking industry following the launch of the "Name and Shame" campaign. It took to publishing bank fees and charges in daily newspapers in order to enhance transparency and and disclosure in pricing of banking services. Some countries have adopted a model where their centtal banks review the calculations of the financilal institutions and check them against financial statement data that it also submitted to them.
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The CBK has been trying to find ways of increasing transparency in the banking industry following the launch of the "Name and Shame" campaign. It took to publishing bank fees and charges in daily newspapers in order to enhance transparency and and disclosure in pricing of banking services.
Some countries have adopted a model where their centtal banks review the calculations of the financilal institutions and check them against financial statement data that it also submitted to them.
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