The Central Bank of Kenya (CBK) has summoned bank chief executives to address concerns that lending rates have failed to respond to cuts in the benchmark rate, delaying relief to borrowers plagued with costly loans.
Top bankers at KCB, Equity, Cooperative Bank, NCBA, I&M, Absa, Standard Chartered and DTB are expected to attend a meeting at the central bank at an undisclosed date amid accusations banks are profiteering from high lending rates.
