NCBA raises loan interest to reflect new CBK, US rates

NCBA chief executive John Gachora. FILE PHOTO | LUCY WANJIRU | NMG

NCBA Group will this month increase lending rates in the wake of a rise in the benchmark lending rate by banking regulators in Kenya and the US.

The bank notified customers that it will hike lending rates for the dollar and shilling-denominated loans to 12 percent and 10.5 percent respectively from May 29.

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