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February 13, 2026
1w ago

Relief for Kenyans as Several Banks Announce Changes in Loans

Relief for Kenyans as Several Banks Announce Changes in Loans

The latest move is aimed at stimulating the country's economic growth following lower inflation, a stable shilling, and a new risk-based loan pricing model...

✨ Key Highlights

Several commercial banks in Kenya have announced reduced loan interest rates following a directive from the Central Bank of Kenya (CBK). This comes after the Monetary Policy Committee lowered the Central Bank Rate (CBR) from 9.00% to 8.75% on February 10, 2026, aiming to boost economic activity and lower borrowing costs for Kenyans.

  • The Central Bank Rate (CBR) was reduced from 9.00% to 8.75%.
  • Leading banks issued notices on Thursday, February 12, confirming adjustments to Kenya shilling-denominated variable-rate loans.
  • New loans will be priced at the updated CBR of 8.75% plus a risk-profile margin, with existing loans transitioning to this new model by the end of February 2026.
  • Domestic inflation eased to 4.4% in January 2026, down from 4.5% in December 2025.

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