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Banks that cut borrowing costs the most
Central Bank of Kenya (CBK) Governor Kamau Thugge appears before the Senate Committee on Devolution and Intergovernmental Relations, chaired by Senator Mohamed Abass Sheikh at Bunge Tower, Nairobi on July 24, 2025.
Absa Bank Kenya, Citibank N.A. Kenya and Middle East Bank made the largest cuts in borrowing costs in 2025, as most banks extended relief to borrowers.
Absa ended December 2025 with its average lending rate at 13.75 percent, representing a 5.2 percentage points cut from 18.95 percent in December 2024 as per an analysis of data published by the Central Bank of Kenya (CBK).
