In Kenya Finance minister says country's financial system "very sound"

Rotich told a news conference that the ministry was working closely with the central bank to isolate and contain the impact of two closed banks on the financial system, adding that three recent cases of bank receivership were isolated.

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Kenyan finance minister says country's financial system "very sound" play

Kenyan finance minister says country's financial system "very sound"

(Reuters)
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Kenyan Finance Minister Henry Rotich said on Friday that the country's financial system was very sound, a day after private-owned Chase Bank was put under receivership.

Rotich told a news conference that the ministry was working closely with the central bank to isolate and contain the impact of two closed banks on the financial system, adding that three recent cases of bank receivership were isolated.

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