CBK clears 33 banks for risk-based loans

Absa Bank along Muindi Mbingu Street in Nairobi.

Photo credit: File | Evans Habil | Nation Media Group

The Central Bank of Kenya (CBK) has given the nod to 33 out of 39 commercial banks to implement lending to customers based on their risk profile.

Riskier borrowers are charged higher interest rates compared to those with better creditworthiness.

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