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CBK recommends adoption of risk based lending approach by SMEs

Central Bank of Kenya governor, Dr. Patrick Njoroge. [Photo: Courtesy]

Central Bank of Kenya governor, Dr. Patrick Njoroge still holds the idea that the law on capping interest rates should be changed to allow banks issue loans based on risk based assessment.

Currently the law capping interest rates stands at four percent above CBK’s rate which Njoroge says is harming the economy.

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