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Equity Bank cuts loan interest rates by largest margin

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Equity Group CEO James Mwangi during an investor briefing event. [File, Standard]

Equity Bank, the largest lender in Kenya by customer numbers, has announced a substantial reduction in interest rates, becoming the third major bank to do so this week.

The bank said it will cut its rates by 3.00 per cent on all its Kenya Shilling-denominated credit facilities, marking the largest reduction among its peers.

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