Kenya bill to control bank interest rates passed

Kenya's parliament today passed with amendments the Donde bill that seeks to regulate interest rates charged by commercial banks. Banks scored victory when finance minister Chris Okemo successfully pushed through an amendment that increases the ceiling between the treasury bill rates and interest rates chargeable on loans to 4%. Donde had sought to have a 3% ceiling.

The amendment however passed on condition that the total interest chargeable by any institution does not exceed the principal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: