CBK urges Absa Kenya to use fair loan pricing

Absa Kenya chief executive Jeremy Awori. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) wants Absa Kenya to use fair and responsible pricing of loans to connect customers to the new brand as it drops the 104-year old Barclays Kenya brand.

The regulator says many banks have been seen as insensitive to the needs of Kenyans through high cost of credit, opaqueness and poor customer service.

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