The average lending rate by commercial banks stood at 14.3 percent in July 2026, falling from 14.4 percent in June and 17.2 percent in November 2024.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Lending to households and businesses by commercial banks hit a 28-month high in June 2026 as lenders continued to pass on the gains of cheaper credit to their clients, the Central Bank of Kenya (CBK) said.
CBK) shows that the lenders’ pre-tax earnings in the review period stood at Sh111.8 billion, rising from Sh98.2 billion a year…
This was spurred by falling borrowing costs and a renewed appetite to grow retail loan books.
CBK has maintained the benchmark lending rate at 8.75 per cent for the third consecutive time since February, citing a positive…
Analysts reckon that banks have been able to attain bigger lending margins or spreads from an easier release of expensive…
A slower pass-through of CBK rate cuts to borrowers helped banks grow first-quarter earnings as deposit costs fell.
The latest deposits held by the 14 deposit-taking microfinance banks regulated by the CBK mark a reversal of a prolonged decline…
