{"id":77334,"date":"2016-08-24T09:08:58","date_gmt":"2016-08-24T09:08:58","guid":{"rendered":"https:\/\/www.kba.co.ke\/newsite2\/?p=77334"},"modified":"2016-08-24T09:08:58","modified_gmt":"2016-08-24T09:08:58","slug":"statement-by-kenya-bankers-association-on-the-banking-amendment-act-2015","status":"publish","type":"post","link":"https:\/\/www.kba.co.ke\/site25\/statement-by-kenya-bankers-association-on-the-banking-amendment-act-2015\/","title":{"rendered":"Statement by Kenya Bankers Association on the Banking (Amendment) Act 2015"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"77334\" class=\"elementor elementor-77334\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-05ff028 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"05ff028\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false,&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-afa7bc8\" data-id=\"afa7bc8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ccd6961 elementor-widget elementor-widget-text-editor\" data-id=\"ccd6961\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Nairobi, 24 August 2016:<\/b>\u00a0The Kenya Bankers Association (KBA) is committed to bringing down loan interest rates, promoting a savings culture and enhancing consumer protection, so we welcome the spirit of today&#8217;s decision by His Excellency President Uhuru Kenyatta.<\/p><p>We however do not feel that an arbitrary rate cap is in the best interests of the majority of people and businesses that this law seeks to support. The reality is that there is little evidence from other countries that such interventions have helped the majority of citizens, and in a number of countries such laws have been reversed to promote financial inclusion. However, we as the banking industry remain committed to addressing the fundamental issues that drive up the cost of credit. Meanwhile, the banks will comply with the law as they continue to provide financial services to their customers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"post_77334\"  data-site_id=\"69df77b7943ec93501e842ff\"  data-theme=\"review\"  data-dislike_enabled=\"false\"  data-icon_dislike_show=\"false\"  data-tooltip_enabled=\"false\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"https:\/\/www.kba.co.ke\/site25\/statement-by-kenya-bankers-association-on-the-banking-amendment-act-2015\/\"  data-item_title=\"Statement by Kenya Bankers Association on the Banking (Amendment) Act 2015\"  data-item_image=\"https:\/\/www.kba.co.ke\/site25\/wp-content\/uploads\/2022\/05\/kba-news-1024x683.jpg\"  data-item_date=\"2016-08-24T09:08:58+03:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.59\"  data-prx=\"https:\/\/www.kba.co.ke\/site25\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"excerpt":{"rendered":"<p>Nairobi, 24 August 2016: The Kenya Bankers Association (KBA) is committed to bringing down loan interest rates, promoting a savings culture and enhancing consumer protection, so we welcome the spirit of today&#8217;s decision by His Excellency President Uhuru Kenyatta.<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"post_77334\"  data-site_id=\"69df77b7943ec93501e842ff\"  data-theme=\"review\"  data-dislike_enabled=\"false\"  data-icon_dislike_show=\"false\"  data-tooltip_enabled=\"false\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"https:\/\/www.kba.co.ke\/site25\/statement-by-kenya-bankers-association-on-the-banking-amendment-act-2015\/\"  data-item_title=\"Statement by Kenya Bankers Association on the Banking (Amendment) Act 2015\"  data-item_image=\"https:\/\/www.kba.co.ke\/site25\/wp-content\/uploads\/2022\/05\/kba-news-1024x683.jpg\"  data-item_date=\"2016-08-24T09:08:58+03:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.59\"  data-prx=\"https:\/\/www.kba.co.ke\/site25\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"author":2,"featured_media":76619,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-77334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-masonry-design"],"_links":{"self":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/posts\/77334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/comments?post=77334"}],"version-history":[{"count":0,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/posts\/77334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/media\/76619"}],"wp:attachment":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/media?parent=77334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/categories?post=77334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/tags?post=77334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}