National Treasury’s Nzomo Mutuku with Spire Bank board chairperson Teresa Mutegi during the launch of the lender in July. PHOTO/FILE

The Big Story

Spire Bank premium slash signals more rate reductions

Spire Bank has slashed its insurance premium financing (IPF) rate by 6.5 percentage points to eight per cent, indicating that the new low-interest rate regime is now expanding to auxiliary loan products offered by banks....


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