KCB Bank Kenya has announced a reduction in its base lending rate from 15.6% to 14.6%, effective February 10, 2025.
This move follows recent adjustments to the Central Bank Rate (CBR) and the Cash Reserve Ratio (CRR) by the Central Bank of Kenya.
The bank clarified that the final lending rate for customers will be determined based on a customer-specific margin, which will be applied to the base rate in line with the approved Risk-Based Credit Pricing Model.
This applies to all existing and new facilities denominated in Kenyan Shillings (KSh), excluding fixed-rate credit facilities.
KCB Bank customers seeking more details are encouraged to contact the bank via +254 711 087 000 or visit any of its branches.
The bank’s adjustment is in line with its commitment to offering competitive and affordable lending rates to its customers while responding to shifts in the national financial landscape.
For more information, customers can reach out to KCB or visit their nearest branch.
Regulated by the Central Bank of Kenya.
