Co-operative Bank has announced a 2% reduction in its base lending rate, lowering it from 16.5% to 14.5% per annum. This move takes effect immediately and is expected to increase credit access, especially for small businesses and individuals in need of affordable financing. What This Means for You Borrowers will now access loans at a […]
KCB Bank Kenya Lowers Base Lending Rate to 14.6% Amid Strong Financial Growth
KCB Bank Kenya has announced a significant reduction in its base lending rate from 15.6% to 14.6% per annum, following recent adjustments to the Central Bank Rate (CBR) and Cash Reserve Ratio (CRR) by the Central Bank of Kenya. The new rate, effective February 10, 2025, is set to benefit borrowers by making credit more […]