Tariffs for transactions above Sh70,000 to remain in place
CBK says its interventions have eased pressure on borrowers and allowed banks the wiggle room to manouvre
The banking sector, one of the most resilient sectors in the country has started feeling the heat and is looking at a bad...
With the economy slowing further, choked by the Covid-19 pandemic, it will take more than lowering the signal rate to excite credit markets.
New investors who will take over the bank from 1st May 2020 are expected to restructure Mayfair operations using international experience.
and Borrowers previously “blacklisted” for amounts less than Ksh 1,000 will be “delisted.”
Central Bank slashes base lending rate to allow banks lend more money to Kenyans
CBK Governor Dr Patrick Njoroge said the money was gained from the mop-up of the old 1,000 shillings banknotes.
SMEs and commercial borrowers can also approach their banks to have their loans restructured