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CEOs cut reliance on bank loans on ‘sticky’ rates claim
The average lending rate by commercial banks stood at 14.3 percent in July 2026, decreasing from 14.4 percent in June and 17.2 percent in November 2024.
Corporates are increasingly financing operations from internally mobilised resources, reducing reliance on bank loans and other external funding avenues, a Central Bank of Kenya (CBK) survey has revealed.
Chief executives of private companies attribute their decision to “sticky” lending rates despite a gradual reduction of the apex bank’s indicative rate.
