The 10th edition of the Kenya Bankers Association Annual Banking Research Conference kicked off this Wednesday withresearch papers presented during the opening session with a focus on the impact of the pandemic on risk assessment and opportunities towards
supporting economic recovery.
The papers also explored opportunities to enhance the banking industry’s role in supporting further credit growth a strong and sustainable
economic recovery going forward.
While giving her opening remarks the conference’s opening ceremony, Central Bank of Kenya (CBK) Deputy Governor Mrs. Sheila M’Mbijjewe noted that the pandemic has amplified opportunities and risks.
“Banks have been critical in bringing Kenya to its current state of stability,’ said Mrs. M’Mbijjewe, adding that economic arguments should be answered through clear economic policies.
According to the chairman of the Kenya Bankers Association Governing Council Mr. John Gachora, the pandemic has extensively depressed the economy, noting that facilitating an understanding of the financial environment through research has become a necessity considering the dynamics of the Kenyan market and global disruptions caused by the COVID-19 pandemic.
These dynamics are seen to have a bearing at both the policy and operational fronts, and at the broader economic environment under which banks, just like other businesses, operate. It is in recognition of these dynamics that the banking industry, through the Kenya Banker Association, has endeavoured to ground its understanding of the current and emerging developments through research,’’.—Mr. John Gachora
‘’How the industry navigates the potential trade-offs of ensuring a stable system and supporting economic recovery is a tight balancing act, that would be informed partly by the focus of some of the papers lined up for presentation in this conference,’’ said the Chief Executive of Kenya Bankers Dr. Habil Olaka.