CBK to leave the benchmark rate unchanged at 7 per cent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) is expected to largely retain the benchmark lending rate at seven per cent for most of 2021. The reserve bank whose...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

Stanbic Bank Kenya announces Ksh.3.6B profit after tax

By Citizen Reporter,

Stanbic Bank Kenya has announced a Ksh. 3.6 billion after-tax profit for the period ended September 30, 2020 underpinned by solid balance sheet growth...

stanbic

CBK leaves the benchmark rate unchanged at 7% for the fifth time

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has left the benchmark lending rate unchanged at seven percent for the fifth straight time following its policy meetin...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

Stanbic Bank half year profit down by 37 percent

By Kepha Muiruri,

Stanbic Bank Kenya (listed as Stanbic Holdings PLC)  has announced a 37 per cent decline in its half year earnings to Ksh.2.6 billion down from Ksh.4...

Charles Mudiwa , Stanbic Bank Kenya

Eyes on new-loans growth as CBK stages rate meeting

By Kepha Muiruri,

The focus of the Central Bank of Kenya (CBK) is expected to be on the growth of loans to Kenyans when it hosts its policy setting meeting on Thursday....

Central Bank of Kenya (CBK) , government borrowing , private sector credit

Forget economic growth, focus is on survival – Kenya Bankers Association

By Kepha Muiruri,

Bankers through their representation in the Kenya Bankers Association (KBA) have called for the trading of discussion on growth with survival as the C...

coronavirus crisis , economic growth in Kenya

Standard Chartered recommends further CBR cuts to spur growth

By Kepha Muiruri,

The Standard Chartered bank has recommended further cuts to the Central Bank Rate (CBR) to sustain momentum in Kenya’s economic recovery path in 202...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Standard Chartered

CBK projects double digit growth in loans to private sector

By Kepha Muiruri,

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,

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,

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)

Commercial bank loans expected to shape economy in 2020 – Report

By Kepha Muiruri,

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,

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

CBK assures affordable loans but won’t shepherd banks on rates

By Kepha Muiruri,

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)

CBK cuts base lending rate to 8.5%

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has cut its base lending rate to 8.5 percent from 9 percent, marking the first adjustment to the Central Bank Rate (CB...

CBK , Central Bank Rate (CBR) , mpc

All eyes on CBK on review of Kenya economy base lending rate

By Kepha Muiruri,

All eyes will be on the Central Bank of Kenya (CBK) as it offers guidance on the direction of interest rates in the market. The CBK has been relati...

CBK , CBR

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

Banks free to set higher interest rates as Uhuru approves Finance Bill

By Kepha Muiruri,

President Uhuru Kenyatta has signed into the law the Finance Bill 2019 giving nod to among other provisions, the free setting of interest rates by com...

Finance Bill 2019 , interest rate caps , KBA

MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

Uhuru sides with banks, calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...

CBK , interest rate caps , KBA , Uhuru kenyatta

MPs take hard line stand as interest rate capping debate returns

By Kepha Muiruri,

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