Several Kenyan banks are lowering their lending rates following the Central Bank of Kenya’s (CBK) decision to cut the Central ...

Commercial bank borrowers in Kenya have been enjoying reduced loan interest rates in the last quarter of 2024. The National Treasury Quarterly Economic and Budgetary Review 2024 indicated an ...

Data from the Central Bank of Kenya (CBK) shows that profits have increased from $1.09bn during the same period last year, ...

Co-op Bank of Kenya became the first lender to adhere to the CBK directive, cutting its loan interest by 2% to enhance access ...

Standard Chartered Bank of Kenya, Victoria Commercial Bank and Stanbic Bank Kenya— cut their rates by at least 1.75 percentage points. The high cost of borrowing had discouraged borrowers from ...

Kenya’s commercial banks have recorded an impressive 11.58% rise in pre-tax profits, total- ling $1.22bn for the first eight months of 2024, overcoming a challenging environment marked by ris- ing ...

Commercial banks that fail to comply with the Central Bank of Kenya (CBK) lending guidelines now risk penalties of up to three times their profits. This comes as CBK moves to accelerate the reduction ...

Of Kenya’s banks that do not meet the new ... if they don’t want to downgrade their licence category from commercial banks. To avoid the disruption from a possible sequence of successive ...

NAIROBI, KENYA: Nairobi gubernatorial aspirant Peter ... as a first step to lifting the moratorium on licensing of new commercial banks," the banking regulator said in a statement on Monday.

It is indeed true that commercial banks have been making as high as 28 ... “I do not have a single asset in Kenya and I sold all my assets in the US,” he said. In 2014, Njoroge earned a ...