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Effects of the global financial crisis in the Banking industry in Kenya
| Content Provider | Semantic Scholar |
|---|---|
| Author | Gicheru, Susan W. |
| Copyright Year | 2011 |
| Abstract | The objective of this study was to determine the effect of the global financial crisis on commercial banks in Kenya. The current study expected to establish how Kenyan banks prepared, dealt and saw themselves through the crisis which climaxed in 2008/09 financial year. This study therefore adds to new knowledge on how commercial banks in emerging economies o f Africa such as Kenya dealt with the crisis. The study employed a cross sectional survey design. The target population o f this study was all the 43 commercial banks in Kenya which included both locally owned and those that are subsidiaries of foreign multinationals (CBK, 2011). Due to the size of population, the researcher carried out a census hence each bank had a subject who was the source of information required. In this study a semi-structured questionnaire and an interview were used to gather primary data from senior managers of the targeted commercial banks responsible for risk management. Data collected was both qualitative and quantitative in nature. Qualitative data was collected through semi structured interviews with the selected respondents. This data was manipulated through thematic summary analysis that depicted what the main theme and direction o f responses was. Quantitative data was collected through questionnaires. This data was manipulated through descriptive statistics such as means, percentages and frequencies. This data was presented in tables and graphs. Findings indicate that although the crisis started out in 2008. Kenya experienced a lagged effect and started to face significant consequences later on. The measures deployed to withstand the crisis were oriented towards a combined strategy of increasing liquidity and investing in stocks and fixed income securities. Interestingly, even during the crisis, Kenyan banks diversified both their product offering and regional reach in terms of branch network. Further, the banks seemed not to have been affected by the crunch in their operations since |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://erepository.uonbi.ac.ke:8080/xmlui/bitstream/handle/11295/12718/Gicheru_Effects%20Of%20The%20Global%20Financial%20Crisis%20In%20The%20Banking%20Industry%20In%20Kenya.pdf?isAllowed=y&sequence=2 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
