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KCB, CFC Stanbic adopt new banking law, lower interest rates to 14.5 per cent

NAIROBI, KENYA: Kenya Commercial Bank Group on Wednesday announced a cut in interest rates for both new and existing loans following new law recently signed by President Uhuru Kenyatta.

The bank joined CFC Stanbic who announced similar move to adjust all existing loans to not more than 14.5 per cent.

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