A new report from the Central Bank of Kenya (CBK) on commercial banks shows significant competition in lending rates.
From the report published on Friday, small-sized lenders Premier Bank, Access Bank and Consolidated Bank of Kenya lead the pack in the overall ranking of Kenya’s cheapest lenders.
Their average lending rates stood at nine per cent, 11.41 per cent and 13.42 per cent respectively.
They are closely followed by other small-sized lenders Kingdom Bank - a subsidiary of Co-op Bank - and Ecobank Ltd at 14 per cent and 14.31 per cent respectively.
Diamond Trust Bank (DTB) leads at an average rate of 12.41 per cent followed closely by Cooperative Bank with an average rate of 15.14 per cent among tier-one lenders.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
