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CBK reveals cheapest and most expensive Kenyan banks
IFC is set to offer advisory services to Kenyan banks in a $1.5 million deal (Sh219 million) to help the lenders in climate risk mitigation. PHOTO | SHUTTERSTOCK
Small lenders such as First Community Bank (FCB), Ecobank of Kenya and HF Bank dominate the list of banks offering lower interest rates in the latest regulatory disclosure that puts large players such as Absa and Equity Group among those with the steepest rates.
The Central Bank of Kenya (CBK) data on the average lending rates commercial banks offer show 27 of the 39 commercial banks have raised their overall rates in the three months to March.
