REPEALED

Interest rates: Why this time will be different

What Kenyans should expect from the banks.

In Summary
  • The Central Bank of Kenya (CBK) has set the pace by defining a clear vision of a banking sector that is responsible, disciplined and aligned to customers’ needs.
  • Four pillars underpin this vision: risk-based credit pricing, transparency, customer centricity, and entrenching an ethical culture in banks.

The battle for affordable credit went into high gear with the introduction of interest rate caps on September 14, 2016. This followed long-standing concerns about the high interest rates charged by ...

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