Commercial banks are now charging large companies higher interest rates on loans compared to start-ups and individual borrowers, new data from the Central Bank of Kenya (CBK) shows, pointing to higher risk perception of larger firms who have in the past two years accounted for the bulk of the spike in non-performing loans.
The CBK data on lending rates by category of borrower shows that corporate firms paid 13.95 percent on average on loans of between one and five years in September, up from 11.9 percent a year earlier.
