CBK Stories

Banks face additional reporting rules as sector moves to spur green credit growth
Alfred Onyango  |  Apr 24, 2025

The push seeks to disclose data under the International Financial Reporting Standards (IFRS) S1 and S2, steered by the Kenya Bankers Association (KBA)...

CBK, commercial banks disagree over benchmark for determining lending rates
Maureen Kinyanjui  |  Apr 24, 2025

The banks argue that after interest rate caps were introduced on interbank lending, the use of this rate as a base would be more responsive to market...

New Bill seeks to allow cash payments for transactions below Sh100,000
Lucy Mumbi  |  Apr 20, 2025

The proposal comes amid a growing trend of businesses prominently displaying signs that read, “we are cashless” or “we only accept cards,” effectively...

CBK ends 10-year banking licence ban, sets Sh10bn capital threshold
Lucy Mumbi  |  Apr 16, 2025

Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital thres...

Banks navigate perfect storm to post Sh181bn in profits
Lucy Mumbi  |  Apr 14, 2025

This is an improvement from the Sh162.3 billion recorded during a similar period in 2023, underlining the sector’s ability to withstand economic press...

Diaspora remittances record slower growth as Kenyans send home Sh159.5 billion in three months
Lucy Mumbi  |  Apr 14, 2025

Data from the Central Bank of Kenya (CBK) shows that February recorded the slowest increase in remittance flows for the quarter, compared to the other...

Banks face daily fines for non-compliance with CBK lending rate cuts
Maureen Kinyanjui  |  Apr 10, 2025

The CBK is determined to ensure that the reductions in the central bank rate benefit the broader economy, particularly in the private sector.

CBK slashes lending rate to 10.0%, narrows its interest corridor for stability
Alfred Onyango  |  Apr 08, 2025

The slash is a 75 basis points cut and the fifth consecutive one from the decade high rate of 13 percent.

CBK proposes new license fee structure for banks
Alfred Onyango  |  Mar 11, 2025

In the first year of implementation, CBK plans to set the rate at 0.6 per cent.

Over Sh31 million in Hustler Fund loans disbursed to minors, some as young as 10 days old - audit
Lucy Mumbi  |  Feb 26, 2025

Findings indicate that thousands of borrowers were either below the legal age of 18 or had not yet been born when the funds were disbursed.

Kenya's domestic borrowing passes Sh6 trillion despite new taxes
Maureen Kinyanjui  |  Feb 26, 2025

Data from the Central Bank of Kenya (CBK) shows that domestic debt increased from Sh4.342 trillion as of September 16, 2022, to Sh6.021 trillion by Fe...

Economy recovery to double lending to small businesses, experts say
Alfred Onyango  |  Feb 22, 2025

The Central Bank of Kenya (CBK) early this month scaled down its base lending rate by 0.5 per cent to 10.75 per cent.

Kenya’s economy projected to grow by 5 per cent in 2025, easing cost of living pressures
Lucy Mumbi  |  Feb 21, 2025

The Treasury’s projection of 5.3 per cent growth in 2025 is slightly lower than the CBK’s December 2024 forecast of 5.5 per cent.

Remittances by Kenyans in diaspora reduce by Sh2.3 billion in January as US remains largest source
Alfred Onyango  |  Feb 15, 2025

With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...

CBK projects cheaper fuel in 2025 will ease burden on businesses, households
Lucy Mumbi  |  Feb 08, 2025

Transport costs could reduce significantly, benefitting public service vehicles, ride-hailing services, and private motorists.

Central Bank pressures 13 banks to meet Sh10 billion core capital requirement
Maureen Kinyanjui  |  Feb 07, 2025

The move follows amendments to financial sector laws late last year when the President signed the Business Laws (Amendment) Bill into law.

Central Bank of Kenya warns of hefty fines for banks will not reduce lending rates
Maureen Kinyanjui  |  Feb 06, 2025

This announcement follows the CBK's latest reduction of its benchmark lending rate by 50 basis points, bringing it to 10.75 per cent from 11.25 per ce...

CBK cuts interest rate and cash reserve ratio to stimulate lending
Lucy Mumbi  |  Feb 05, 2025

The bank has pledged to monitor the impact of these policy changes closely and take further action if necessary.

Relief for borrowers as Kenyan banks reduce lending rates after CBK push
Maureen Kinyanjui  |  Jan 30, 2025

This change comes in response to pressure from the banking regulator, signalling a potential shift in the lending landscape.

Kenyans abroad increase remittances by Sh97.8 billion in 2024
Alfred Onyango  |  Jan 17, 2025

The United States remained the largest source of remittances during the review period, contributing 51 percent of total inflows.

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