Banks eye more auctions as defaults rise in construction loans

Kenyan banks are set to increase property auctions as a surge in loan defaults, particularly in the construction sector, impacts their portfolios. This move is a direct response to growing financial strain experienced by borrowers.

All banks adopt new loan pricing formula for Kenyan shilling loans

Kenya’s inflation slips to 4.5pc in November

Kenya's inflation rate experienced a marginal decrease in November, settling at 4.5 percent from October's 4.6 percent. This figure remains within the Central Bank of Kenya's target range, primarily attributed to reduced prices of staple household goods.

Absa joins race to adopt new loan pricing model

Absa Bank Kenya is the latest major lender to adopt the Central Bank of Kenya's (CBK) Revised Risk-Based Credit Pricing Model (RBCPM), effective December 1 for new loans. This move aligns with the CBK's push for greater transparency in loan pricing and comes as financial institutions race to meet a year-end deadline.

Paramount Bank rights issue nets Sh332m, beating Sh3b CBK deadline

Paramount Bank has successfully raised Sh332 million from existing shareholders through a rights issue, surpassing the Central Bank of Kenya's (CBK) revamped core capital requirement of Sh3 billion well before the December 2025 deadline.