interest rate cap
MPC retains signal rate at 9%
The Monetary Policy Committee (MPC) on Wednesday retained its signal rate at 9.00%, saying inflation expectations remained well anchored within the target range,...
BT Reporter2 Mins read
Govt could scrap or modify rate cap law, Uhuru says
Kenya could modify or scrap a law that caps commercial lending rates, President Uhuru Kenyatta said on Tuesday, recognising that access to credit...
REUTERS1 Mins read
CBR reduced to 9.5% paving way for cheaper loans
The cost of loan borrowing is set to come down after the Monetary Policy Committee (MPC) cut the Central Bank Rate (CBR) to...
BT Reporter3 Mins read
KCB Group reports flat net profit for 2017
KCB Group's profit after tax performance was flat for the period ended December 31, 2017 against 2016, which the lender attributes to a...
BT Reporter3 Mins read
NBK mulls branch closures to cut costs
National Bank of Kenya, which has the biggest bad-loan book in the banking industry, is considering closing some of its 85 branches to...
BLOOMBERG1 Mins read
Barclays Kenya FY 2017 net profit drops to Sh6.9b
Barclays Bank of Kenya (BBK) has recorded a 6.3% decline in net profit to Ksh 6.9 billion for the full year 2017 compared...
CAPITAL FM1 Mins read
MPC unlikely to change interest rates cap, analysts say
The Monetary Policy Committee is set to meet on Monday amid projections it is unlikely to cut the Central Bank Rate (CBR), which...
BUSINESS TODAY1 Mins read
Politics, debt distress threaten GDP growth, AfDB report warns
Kenya's economy is projected to rebound to GDP growth of 5.6% in 2018 and 6.2% in 2019 but this could falter given the...
BT Reporter2 Mins read
MPC to hold next meeting on January 22
The Monetary Policy Committee (MPC) will hold its next meeting on Monday, January 22, 2018, the Central Bank of Kenya (CBK) has said....
BT Reporter1 Mins read
