CBK
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Banks Target Loan Defaulters as Recovery Efforts Intensify
Loan defaulters are set to face tougher consequences as banks intensify loan recovery efforts through the auctioning of properties, amid widespread economic hardship and falling household incomes. According to a survey by the Central Bank of Kenya (CBK), most banks are ramping up their efforts to recover loans. The loan defaults in Kenya have risen…
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CBK Raises Sh37.4bn in Oversubscribed T-Bills Auction
The Central Bank of Kenya (CBK) raised Sh37.41 billion from the latest auction of 91-day, 182-day, and 364-day Treasury bills. According to auction results released on May 19, the government had offered a total of Sh24 billion across the three tenors, but bids received soared to Sh43.13 billion representing a bid-to-cover ratio of 1.15. The…
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CBK Clarifies It Has No Plans to Reintroduce Interest Rate Caps
The Central Bank of Kenya (CBK) has moved to dismiss speculation over a possible return to interest rate caps, clarifying that its recent consultative paper on risk-based credit pricing does not propose the revival of the controversial policy. In a statement released after the close of public submissions on the Consultative Paper on the Review…
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CBK Clarifies Stance on Rates, Rules Out Interest Caps
The Central Bank of Kenya (CBK) has issued a clarification on its recent consultative paper reviewing the Risk-Based Credit Pricing Model, following public feedback from over 40 stakeholders, including commercial banks, financial institutions, consultancy firms, academia, and industry associations. In a press release dated May 13, 2025, CBK stated that the paper, released in April…
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