Boost for medium, small firms as loan rates reduce

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The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

Average lending rates to micro small and medium enterprises reduced in the last quarter of last year on increased optimism after the electioneering period.

Data published by the Central Bank of Kenya (CBK) reveals that commercial banks on average advanced loans to businesses at 13.35 percent in the quarter to December from 13.74 percent in the preceding quarter.

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Note: The results are not exact but very close to the actual.