Rate cuts are boosting banks and borrowers as savers feel the pinch

The Central Bank of Kenya (CBK) Governor Dr Kamau Thugge.

Photo credit: File | Nation Media Group

KCB Group chief executive Paul Russo had just one rallying call to his team at the end of 2024: Go find cheap deposits. He wanted them to succeed at what had been one of the toughest challenges for both his team and the banking sector that year.

Fast forward to December 2025 and his team appears to have accomplished the task, largely benefiting from a favourable shift in the market.

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