CBK Report: What Kenyan Banks Charge on Loans
Information on the cost of loan by Central Bank of Kenya (CBK) indicates borrowers pay between 9 to 20.96 per cent on...
Banks want CBK to maintain base rate at 13%
Kenya Bankers Association now wants the Central Bank to hold the base-lending rate at 13 percent despite the easing o...
Commercial Banks Ordered To Seek Approval From Finance CS Before...
The Supreme Court has declared that banks and financial institutions must seek approval from the Cabinet Secr...
Record Sh621bn loan defaults push commercial banks into rare prof...
Loan defaults rose by Sh133.6 billion in the financial year ended December 2023, overtaking levels recorded during th...
Banks start sharing customer data, balances with KRA
Banks have started sharing information about foreign account holders with the Kenya Revenue Authority (KRA) as the ta...
Top Kenyan banks set aside Sh62bn, anticipate record defaults
Eight tier-1 banks including Equity, KCB and Stanbic have increased their loan-loss provisions by 45.8 percent to Sh6...
