Kenyan Banks Report Profit Growth as CBK Cuts Lending Rate to 9.5% - August 2025

The Central Bank of Kenya (CBK) has reduced its base lending rate by 25 basis points to 9.5 percent, a decision effective August 12 aimed at stimulating economic activity. In related financial news, Equity Group announced a 17 percent rise in its half-year net profit to Sh34.6 billion for the period ending June 2025, driven by growth in its regional subsidiaries. Absa Bank Kenya also announced a significant 9 percent increase in its net profit, reaching KSh 11.7 billion for the first half of the year, citing strong operational resilience.

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Tuesday 6:45 PMCapital Business

CBK cuts base lending rate to 9.5pc

The Central Bank of Kenya (CBK) has reduced its base lending rate by 25 basis points to 9.5 percent, effective August 12. This decision aims to stimulate economic activity and lower borrowing costs amidst stable inflation and a recovering economy.

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