Big banks have lowest loan rates: CBK data

Central Bank of Kenya (CBK) Pension Towers located along Harambee Avenue in Nairobi CBD on March 07, 2024. [File, Standard]

A review by The Standard of the latest Central Bank data shows Citibank NA Kenya, part of US-based Citigroup Inc, offered loans at an average rate of 10.59 per cent in July—the lowest among 38 commercial banks in the country. 

It was closely followed by other foreign-owned lenders, Stanbic Bank Kenya, a unit of South Africa’s Standard Bank Group, at 12.30 per cent; Standard Chartered Bank Kenya at 12.81 per cent; and Ecobank Kenya at 12.87 per cent.