Kenyan parliament passes bank bill on 2nd reading

Kenya's parliament passed a controversial bill seeking to regulate commercial bank loan rates on its second reading on Wednesday, but politicians said amendments would be tabled to the bill on Thursday.

In its current form, the bill would limit commercial bank lending rates to three percentage points over Kenya's 91-day treasury bill rate, a move which critics say could dry up credit and cause the shilling to fall sharply. Bank lending rates are between 25% and 30% while the 91-day T-bill yiel

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 indvidual account here: