With this in mind, I will move on to the range of necessary and feasible solutions, underlying in particular the role of securitization schemes and the creation of Asset Management Companies (AMC) to achieve an orderly and fast resolution of NPLs. The NPL problem is one of the main reasons behind the low aggregate profitability of European banks.
First, in 2015, the Kenya Bankers Association (KBA) launched the Sustainability Finance Initiative (SFI). The SFI aims at raising awareness on environmental, social and governance risks and financing within the banking sector. KBA has set-up a comprehensive online training designed to enable banks to create long-term value for the economy, society and the environment.