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COVID-19 chokes interest rate repeal gains – Report
By Kepha Muiruri, 1203, October 12, 2020 (EAT)
The COVID-19 pandemic has reversed benefits earned from the repeal of the interest rate caps in November last year. While the rate repeal was expec...

COVID-19 , Fitch , interest rate caps
Commercial banks stock of bad loans rise to a 13.1 percent high
By Kepha Muiruri, 1519, May 25, 2020 (EAT)
The quality of assets inside Kenyan banks has continued to deteriorate this year with the stock of bad loans held surging to 13.1 percent in April. ...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , non-performing loans
Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector
By Kepha Muiruri, 1444, May 12, 2020 (EAT)
Local banks expect new loan accounts to shrink significantly in 2020 as the industry prices in the impact of the Covid-19 pandemic. According to a ...

coronavirus , COVID-19 , KBA
Banks fall short of transparency test by Kenyans, study reveals
By Kepha Muiruri, 1325, March 3, 2020 (EAT)
Local banks have fallen short of the transparency test by customers on the pricing and documentation of products and services, a new survey shows. ...

bankers , CBK , Habil Olaka
CBK warns banks against ignoring sector reforms
By Kepha Muiruri, 2000, February 13, 2020 (EAT)
The Central Bank of Kenya (CBK) has cautioned banks against ignoring the implementation of recent sector reforms terming the downplay as a risk to the...

CBK , CRBs , Credit Information Sharing (CIS)
CBK projects double digit growth in loans to private sector
By Kepha Muiruri, 2028, January 28, 2020 (EAT)
The Central Bank of Kenya (CBK) expects bank loans to the private sector to eclipse the double digit confidence ceiling in 2020 buoyed by a progressiv...

Central Bank of Kenya (CBK) , Interest Rates , private sector credit
Central Bank lowers base lending rate from 8.50% to 8.25%
By Kepha Muiruri, 1920, January 27, 2020 (EAT)
The Central Bank of Kenya (CBK) has once again lowered the benchmark lending rate in a move it says is aimed at supporting economic activity. In ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
CBK expected to hold its base lending rate
By Kepha Muiruri, 2052, January 23, 2020 (EAT)
The Central Bank of Kenya (CBK) is expected by large to hold its base lending rate at 8.5 percent in observation of the translation of its last policy...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
Banks share prices set for correction
By Kepha Muiruri, 1240, January 22, 2020 (EAT)
Listed commercial banks share prices are set to re-adjust downwards in the near term as the market absorbs shocks emanating from observed investor ove...

banks , Nairobi Securities Exchange (NSE)
Experiment on interest rate caps perhaps the worst policy decision in Kenya’s history: study
By Kepha Muiruri, 952, January 15, 2020 (EAT)
Small and Medium Enterprises (SMEs) missed out on average Ksh.300 billion in credit/loans from commercial banks on each year that followed the placing...

CBK , ICEA Lion Asset Management , interest rate caps , private sector credit
Bank stocks set to drive NSE Bull Run
By Kepha Muiruri, 2002, January 13, 2020 (EAT)
The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI
Commercial bank loans expected to shape economy in 2020 – Report
By Kepha Muiruri, 1848, January 13, 2020 (EAT)
The filtering in of new loans into the economy is expected to shape growth prospects across the year following the freeing up of credit terms under th...

2020 economic outlook , Cytonn Investment , Kenya's GDP growth rate
2019 review: Interest caps fall at second attempt
By Kepha Muiruri, 757, December 31, 2019 (EAT)
In a seemingly last ditch attempt to salvage the economy off interest cap hurdles, the National Treasury through the then Cabinet Secretary Henry Roti...

CBK , interest rate caps , National Treasury
Study confirms fears of falling incomes for majority of Kenyans
By Kepha Muiruri, 853, December 18, 2019 (EAT)
A recent study has confirmed fears of a steep fall in disposable incomes for Kenyans. This means that spending in the two month cycle is expected t...

holiday shopping , Kenyan economy , Retail Traders Association of Kenya (RETRAK)
CBK extends December bond seeking Ksh.9.7 billion
By Kepha Muiruri, 1854, December 17, 2019 (EAT)
The Central Bank of Kenya (CBK) has issued an extended offer of Ksh.9.7 billion to its December Ksh.25 billion bond sale whose auction took place on D...

Central Bank of Kenya (CBK) , government borrowing , treasury bonds
Gov’t SME targeted interventions fail to hit home
By Kepha Muiruri, 1929, December 11, 2019 (EAT)
The State-initiated interventions targeted at micro, small and medium enterprises (MSMEs) have failed to gain much ground as the sector’s regulatory...

Kenya Private Sector Alliance (KEPSA) , SMEs in Kenya
Bank refusals push SMEs to expensive mobile loans
By Kepha Muiruri, 1116, December 7, 2019 (EAT)
Small and medium enterprises (SMEs) are relying on mobile loans for funding more than ever before as banks shun credit issuance to the micro-business....

credit crunch , mobile loans , smes
How top Kenyan banks retained profits under interest rate caps
By Kepha Muiruri, 1315, December 2, 2019 (EAT)
Top Kenyan banks retained profits against the stay of the depressive interest rate caps in the last three years by reigning on costs to widen the marg...

Interest Rates , KBA , Moody's
CBK revises 2019 growth expectations down from 6%
By Kepha Muiruri, 858, November 27, 2019 (EAT)
The Central Bank of Kenya (CBK) has revised its economic growth expectations for 2019 to 5.9 percent from an original 6 percent anchoring the trim on ...

CBK , economic growth , Kenya's GDP growth rate
CBK assures affordable loans but won’t shepherd banks on rates
By Kepha Muiruri, 2030, November 26, 2019 (EAT)
The Central Bank of Kenya (CBK) has assured Kenyans to the retention of affordable loans in the post rate cap environment in its attempt to demystify ...

CBK , Interest Rates , Kenya Bankers Association (KBA)