Bank relief on loan repayment rises as credit restructures hit Ksh.680 billion

By Kepha Muiruri,

The relief by commercial banks on loan repayments to customers has risen significantly as loan restructures hit Ksh.679.6 billion. The new figure r...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , loan relief

CBK urged to relax rules to banks on loan defaults

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has been urged to relax loan-loss provisioning rules to commercial banks as loan defaults pick up. Analysts at Cyto...

Central Bank of Kenya (CBK) , Cytonn Investment , Dr. Patrick Njoroge

Banks extend cushioning to customers as loan restructures hit Ksh.360 billion

By Kepha Muiruri,

Commercial bank loan restructures to cushion borrowers against the Covid-19 pandemic have increased to top Ksh.360 billion. In his maiden budget st...

Central Bank of Kenya (CBK) , Covid-19 pandemic , non-performing loans

Falling home prices increase property sales

By Kepha Muiruri,

Contracting house prices have yielded increased sales for property realtors as the falling prices equal up to potential buyer costs. Data from the ...

Kenya Bankers Association Housing Price Index , real estate in Kenya

Commercial banks stock of bad loans rise to a 13.1 percent high

By Kepha Muiruri,

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

Coronavirus pandemic deepens Kenya’s debt wound

By Kepha Muiruri,

The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...

coronavirus , debt , Ukur Yatani

Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector

By Kepha Muiruri,

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

CBK sanctions Absa Bank for irregular forex trading

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has flagged Absa Bank Kenya for irregular foreign exchange trades conducted in March. According to the reserve bank...

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

Banks to extend loan repayments by one year as coronavirus effects hit economy

By Kepha Muiruri,

Commercial banks have agreed to extend repayment of personal loans by a period of up to 12 months in a measure to cushion the economy from feeling the...

Central Bank of Kenya , coronavirus , governor patrick njoroge , Joshua Oigara

Banks fall short of transparency test by Kenyans, study reveals

By Kepha Muiruri,

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 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 boss warns banks against taking advantage of Kenyans

By Kepha Muiruri,

Central Bank of Kenya (CBK) Governor Patrick Njoroge has cautioned banks against side-lining borrowers in the aftermath of the interest rate caps repe...

CBK , KBA

‘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

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...

KRA owes banks Ksh.13B in irrecoverable taxes – report

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) owes commercial banks an estimated Ksh.13.3 billion in irrecoverable taxes mirroring on the sector’s disproportion...

KBA , KRA

Kenyans break ‘last minute’ stereotype as deadline for old Ksh.1K notes closes

By Kepha Muiruri,

Commercial Banks registered average to routine operations on Monday as the window to change over to the new currency Ksh.1000 notes came to a close. ...

CBK , demonetization , new notes

Businesses break off use of old Ksh.1000 notes days to Oct 1 deadline

By Kepha Muiruri,

Consumers looking to transact in the old series Ksh.1000 note face the risk of rejection by businesses as many of the enterprises dissociate themselve...

CBK , demonetization

Banking staff to get 6% pay raise in new CBA

By Kepha Muiruri,

Bank employees are set to receive a six percent raise on their salaries following a new agreement between the Banking, Insurance and Finance Union (BI...

BIFU , CBK , KBA

Banks holding more money than ever before as Kenyans suffer empty wallets

By Kepha Muiruri,

Combined, commercial banks are now holding more cash reserves than ever before even as the private sector languishes in a cash-crunch strangle hold. ...

CBK , Kenya Bankers Association (KBA)