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MPs take hard line stand as interest rate capping debate returns
By Kepha Muiruri, 1946, September 11, 2019 (EAT)
Members of Parliament have turned a deaf ear to the proposed repeal of interest rate caps on commercial bank lending. While banks have recently joi...

interest rate caps , KBA , private sector credit
Banks profitability heading for the rocks, KBA warns
By Kepha Muiruri, 1029, August 27, 2019 (EAT)
Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...

CBK , interest caps , Kenya Bankers Association
Banks ask parliament to revise interest rate capping law
By Kepha Muiruri, 1959, August 21, 2019 (EAT)
Commercial Banks now say if parliament will not repeal the interest rate capping law, it should at least widen the capping band to allow flow of credi...

CBK , interest rate caps , Kenya Bankers Association , National Treasury
Demonetization effects filter into value of Kenyan shilling
By Kepha Muiruri, 2110, June 18, 2019 (EAT)
The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...

Central Bank of Kenya (CBK) , demonetization , kenyan shilling , patrick njoroge
CBK retains lending rate at 9 percent
By Kepha Muiruri, 953, May 28, 2019 (EAT)
Central Bank’s Monetary Policy Committee (MPC) has for the sixth time running kept the effecting lending rate at 9 percent signaling a wait-and-see ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , patrick njoroge
Equity defies expensive lender-tag to grow loans to Ksh.297.2B
By Kepha Muiruri, 1232, March 27, 2019 (EAT)
Equity bank has defied its expensive lender-tag to grow its share of loans and advances by 6% to Ksh.297.2 billion to equal and surpass the average lo...

equity bank , interest caps , James Mwangi , Polycarp Igathe , The Cost of Credit in Kenya
Commercial banks win as court rules interest caps unconstitutional
By Agnes Oloo, 1913, March 14, 2019 (EAT)
Commercial Banks in the country are all smiles after the High Court in Nairobi on Thursday declared the Banking (Amendment) Act 2016, which capped int...

banking act , Interest Rates
Loan apps leave more-debt ridden Kenyans
By Kepha Muiruri, 1210, March 9, 2019 (EAT)
Digital disruption in finance has re-opened the Pandora’s Box allowing for the slow but sure resurgence of expensive loan culture in the Kenyan econ...

fuliza , mshwari , OKash , tala , Timiza
CBK holds key lending rate at 9 percent
By Kepha Muiruri, 2036, January 28, 2019 (EAT)
The Central Bank of Kenya (CBK) has for the third consecutive time held its benchmark interest rate at 9 percent as it attributes the stay on the Cent...

Central Bank , Interest rate
Central Bank moves to spur lending
By Kepha Muiruri, 1834, July 31, 2018 (EAT)
The Central Bank of Kenya (CBK) has reviewed its base lending rate to commercial banks by 50 points to nine percent in an attempt to enhance the flow ...

agriculture , banking , benchmark lending rate , Central Bank , economic growth , first quarter growth , KNBS , lending , Manufacturing , patrick njoroge , private sector lending
CBK cuts base lending rate to 9.5pc to spur growth
By Citizen, 1802, March 19, 2018 (EAT)
Kenyans can now access loans at lower interest rates after the Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) lowered the base lendin...

banks , base lending rate , CBK , credit facility , IMF , interest rate cap , loan , monetary policy , mpc , patrick njoroge , standby loan facility
President Uhuru hints at interest cap law review as private sector lending slows down
By Citizen, 2114, March 15, 2017 (EAT)
The government has given the first indication that it is likely to review the Banking Act in a bid to spur lending in the economy. This after the h...

banking act , Banking Sector , banks , borrowing , business , CBK , Central Bank of Kenya , eabl , interest cap law , Investors , James Mwangi , lending rates , market mechanism , nonperforming loans , NPLs , patrick njoroge , private sector lending , small and medium sized enterprises , SME , State of the nation address
KCB joins growing list of banks to downsize staff
By Citizen, 1844, February 21, 2017 (EAT)
The KCB Group has become the latest banking intuition to downscale its workforce. The country’s largest bank by assets has seen its 7,500 strong ...

ATM , banking , Branch network , cap on lending rates , CBK , CBR , Dr. Patrick Njoroge , employees , Family bank , Fintech , industry , Joshua Oigara , KCB M-Pesa , NBK , regional bank , restructuring plan , Sidian Bank , staff , TECHNOLOGY , VER
CBK retains CBR at 10pc, suspends use of KBRR
By Dennis Otieno, 2021, January 30, 2017 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at 10 percent following Monday’s Monetary Policy Committee meeting. The d...

CBK , CBR , Central Bank , central bank rate , current account deficit , Drought , IMF , inflationery pressure , kbrr , kenya bankers reference rate , loan pricing , mpc , private sector credit , shilling
Saccos, MFIs align to new rate cap law
By Ephraim Mugo, 2113, November 21, 2016 (EAT)
Saccos and other non banking financial institutions have been challenged to focus their energies on the non funded income as the market react to the i...

banks , interest rate cap , MFI , non funded income , sacco , Tony Mwangi , UNAITAS
ICDC lowers interest rates to 3pc of CBR
By Sophie Kinoti, 1821, November 21, 2016 (EAT)
The Industrial and Commercial Development Corporation (ICDC) has slashed interest rates on loans to 13 percent in bid to be more competitive. The r...

banking act , CBR , Central Bank of Kenya , commercial banks , Global Supply Solutions , ICDC , Industrial and Commercial Development Corporation , interest rate cap , Interest Rates , Kennedy Wanderi , smes
Equity to focus on digital banking as Q3 profit hits Sh15bn
By Sophie Kinoti, 2337, November 3, 2016 (EAT)
Equity Bank has reported a pretax profit to Sh21.5 billion, up from Sh18.15 billion in the corresponding 2015 period. During nine month period, the...

CBR , Digital Banking , Eazzy Banking , Equitel , equity bank , government securities , interest rate cap , James Mwangi , Mobile Banking , regional expansion , third quarter results , Uhuru kenyatta
Ecobank to close 9 branches in consolidation move
By Dennis Otieno, 2042, October 31, 2016 (EAT)
West African lender Ecobank Kenya is set to shut down nine branches as it focuses on digital banking to cut costs. This comes as the banking sector...

Banking Sector , capping of interest rates , CBR , close braches , consolidate business , Digital Banking , Ecobank , Mobile Banking , Sam Adjei , Togo
NIC Bank to curtail credit cards after Kenyan cap on loan rate
By Reuters, 1706, October 7, 2016 (EAT)
NIC Bank will issue fewer credit cards and may demand collateral in some cases because of a government cap on what banks can charge for loans, its chi...

access to credit , collateral , government , interest rate cap , John Gachora , KCB , NIC bank , risky borrower
KCB sees lower return on equity after rate cap
By Reuters, 954, October 5, 2016 (EAT)
The country’s biggest bank by assets KCB expects its return on equity to drop by four percentage points this year after lending rates were capped, a...

Fintech , Interest Rates , KCB , KCB M-Pesa , regional operations , return on equity

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