cbk lending rates kenya Stories

Kenyans to access cheaper loans as CBK cuts lending rate to 9.25 per cent
Lucy Mumbi  |  Oct 07, 2025

The MPC said the decision aims to stimulate lending by banks to the private sector while ensuring that inflation expectations remain anchored and the...

Banks urge CBK to cut base rate to spur private sector lending
Lucy Mumbi  |  Oct 06, 2025

Commercial banks argue that low inflation, a stable exchange rate and strained private sector credit make a strong case for further easing of the Cent...

CBK threatens daily penalties as eight banks defy lending rate cuts
Maureen Kinyanjui  |  Oct 02, 2025

Only six institutions: Citibank N.A. Kenya, Absa Bank Kenya, Credit Bank, Standard Chartered Bank Kenya, Stanbic Bank Kenya and Victoria Commercial Ba...

Commercial banks with highest interest rates
Charity Pancras  |  Oct 01, 2025

These elevated rates highlight a competitive banking sector where the cost of credit differs significantly, directly impacting borrowers’ financial bu...

Senators push for real-time access to county bank accounts amid Auditor-General warnings
Lucy Mumbi  |  Sep 25, 2025

Beyond real-time access, senators also directed the National Treasury to work with the Auditor-General’s office to conduct a comprehensive audit of al...

CBK's Kamau Thugge scores ‘A’ in global finance rankings for steering Kenya’s economy through turbulence
Rachael Mutabasi  |  Sep 23, 2025

Over the past year, Kenya has maintained inflation within the target range, while the shilling has remained stable against major currencies. Interest...

Saccos outpace banks with affordable loans, but face liquidity challenges - Sasra
Maureen Kinyanjui  |  Sep 16, 2025

The Central Bank of Kenya raised the base lending rate to 13 per cent in February 2024 and maintained it until August, driving some commercial lenders...

83 per cent of Kenya’s microloans under Sh1,000 go unpaid, says CBK
Maureen Kinyanjui  |  Sep 13, 2025

CBK statistics show that default rates drop as the size of the loan increases, with loans between Sh1,000 and Sh5,000 showing a 69.4 per cent non-perf...

Court trims interested parties in Hustler Fund’s legality case
Carolyne Kubwa  |  Sep 11, 2025

CBK, in its defence, insisted it has no role in the establishment or management of the fund, distancing itself from allegations touching on financing...

KPMG report: Jobs at risk as banks prioritise automation over staff training
Maureen Kinyanjui  |  Sep 11, 2025

The report notes that 82 per cent of banks intend to shrink their cost base by at least 10 per cent by 2030, with around a third aiming for reductions...

Kenya has introduced new banking policies; an economist weighs them up
The Conversation  |  Sep 09, 2025

The lifting of the moratorium on new banks and raising capital requirements could be the start of more changes in the Kenyan banking sector.

CBK: Microfinance banks struggling with loan defaults amid shrinking deposits
Maureen Kinyanjui  |  Sep 04, 2025

The Central Bank of Kenya (CBK) reports that the 14 licensed microfinance institutions (MFBs) are finding it difficult to grow their lending portfolio...

Foreign workers in Kenya remitted home Sh91 billion - CBK
Maureen Kinyanjui  |  Aug 30, 2025

In contrast, thousands of Kenyans continue leaving the country in search of employment and higher wages, particularly in the UK, the US, Canada, and S...

CBK revises credit pricing model, adopts new benchmark rate for loan pricing
Lucy Mumbi  |  Aug 26, 2025

CBK said starting September 1, 2025, all new variable rate loans will be priced under the new framework, while existing variable rate loans will shift...

Tourism and agriculture leading in hiring as other sectors stumble
Maureen Kinyanjui  |  Aug 26, 2025

Data from the Central Bank of Kenya (CBK) shows that these two sectors are the most confident about expanding staff numbers in 2025 compared to last y...

Kindiki welcomes CBK lending rate cut, says economy on recovery path
Bashir Mbuthia  |  Aug 25, 2025

Kindiki said it showed that the country is beginning to overcome a decade of high interest rates that had weakened household incomes, slowed down priv...

Kenyan farmers abandon Hustler Fund for commercial and digital Loans, CBK survey shows
Lucy Mumbi  |  Aug 25, 2025

The survey, covering March to May 2025, found that 11 per cent of farmers who borrowed from the Hustler Fund and 13 per cent who relied on microfinanc...

Food prices expected to decline despite inflation rise, CBK survey reveals
Lucy Mumbi  |  Aug 25, 2025

The July 2025 CBK agriculture survey showed that while inflation rose slightly to 4.1 per cent in July compared to the same period last year, most far...

Kenya’s credit rating upgraded to ‘B’ as investor confidence grows
Alfred Onyango  |  Aug 23, 2025

The new rating comes with a stable outlook, indicating growing confidence in Kenya’s ability to meet its debt obligations amid better access to intern...

CBK begins real-time monitoring of customer financial transactions
Mary Wambui  |  Aug 23, 2025

Through the system, CBK will strengthen its ability to surveil the entire banking sector as transactions occur, covering RTGS, PesaLink, and mobile mo...

CBK to suspend real time payments for three days due to system upgrade
Maureen Kinyanjui  |  Aug 21, 2025

This means that businesses, suppliers, contractors and individuals who do not process their payments before the set deadline will have to wait until M...

Job prospects dim despite business optimism, CBK survey shows
Alfred Onyango  |  Aug 20, 2025

The latest Central Bank of Kenya's (CBK) CEO Survey shows expectations are high for growth across most business activity indicators in the third quart...

Loan defaults surged to 17 per cent in 2024 due to tough business climate - CBK
Alfred Onyango  |  Aug 13, 2025

In the period under review, gross loans issued by banks decreased by 2.7 per cent to Sh4.07 trillion from Sh4.18 trillion in 2023.

CBK cuts lending rate to 9.5 per cent in seventh straight easing move
Alfred Onyango  |  Aug 13, 2025

This marks the seventh consecutive rate cut from the historic peak of 13.0 per cent, as the regulator reaffirms its commitment to boosting economic ac...

Kenya’s mobile money agents drop by 4.8 per cent as customers go fully digital
Maureen Kinyanjui  |  Aug 13, 2025

This trend comes as more customers shift to fully digital solutions, including app-based payments and automated kiosks, which perform many functions t...

Kenyan shilling holds steady at 129 against the dollar for a year
Alfred Onyango  |  Aug 09, 2025

The local currency began its recovery in early February last year, after plummeting to a historic low of 160 against the greenback.

Kenyan banks tighten oversight of third-party tech firms amid rising cyber threats
Maureen Kinyanjui  |  Aug 08, 2025

Financial institutions are updating their contracts and improving monitoring systems to protect themselves from growing risks related to external serv...

CBK targets rogue lenders with new draft regulations, seeks public feedback
Rachael Mutabasi  |  Aug 07, 2025

The proposed rules address key areas such as transparency in loan agreements, responsible use of customer data, effective complaint resolution, and fa...

Borrowers exposed to costly loans despite banks cutting interest rates by one per cent
Maureen Kinyanjui  |  Aug 07, 2025

According to data published by the Central Bank of Kenya (CBK), the average overall lending rate across 38 commercial banks dropped slightly to 15.78...

President William Ruto defends Hustler Fund, says KHRC report politically motivated
Maureen Kinyanjui  |  Aug 06, 2025

President William Ruto criticised those questioning the fund’s impact, accusing them of misrepresenting facts and failing to understand the economic c...

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