At this point, really banks have not acquired approvals for their exposure-situated credit proposals even with multiple conversations into regulator
Nevertheless Main Lender away from Kenya (CBK) moved inside administratively, demanding lenders to submit brand new loan rates algorithms that can publication their interest rates distinctions
The interest rate hats were abolished on the , shortly after 3 years, enabling banks to raise the price of finance for consumers who introduce a top likelihood of default. Continue Reading
