Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
NCBA cuts lending rates as pressure mounts on banks
NCBA CEO John Gachora (right) with Finance Director David Abwoga at a media briefing to announce half-year financial results in Nairobi on August 24, 2023.
NCBA Bank Kenya has cut lending rates as lenders respond to the Central Bank of Kenya's (CBK) move to slash the benchmark interest rate by the biggest margin since 2020.
The lender said on Friday it would lower the lending rates on new shilling-denominated loans to 16.91 percent from 17.5 percent. However, the bank did not clarify whether the changes would take effect immediately.
