In the second quarter of the year, more than half of commercial banks raised their lending rates to individuals and businesses, indicating an early impact of the Central Bank of Kenya’s(CBK) accelerated approvals of risk-based lending plans.
According to the most recent bank loan and overdraft rate data published by the regulator, some lenders charged as much as 16.4 % for business loans in June, and 16.8 % for overdrafts, representing a 4.8 percentage point increase from March rates.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
