Topic: CBK
CBK Cuts Benchmark Lending Rate to 11.25%, Urges Banks To Lower Borrowing Costs
The Central Bank of Kenya (CBK) has announced a 75 basis point reduction in the benchmark lending rate, bringing it down to 11.25%.
The Central Bank of Kenya (CBK) has announced a 75 basis point reduction in the benchmark lending rate, bringing it down to 11.25%.
I&M Bank Reduces Lending Rate By 0.75% To Promote Credit Access
The first reduction, which occurred today, 28 November 2024, slashes rates by 0.25%, while the second phase of the rate reduction, a further 0.5%, will take effect on 23 December 2024.
The first reduction, which occurred today, 28 November 2024, slashes rates by 0.25%, while the second phase of the rate reduction, a further 0.5%, will take effect on 23 December 2024.
Parliament Approves Gerald Nyaoma As CBK Second Deputy Governor
Gerald Nyaoma Arita awaits Senate approval before being sworn into the vacant post.
Gerald Nyaoma Arita awaits Senate approval before being sworn into the vacant post.
Central Bank Unveils New Notes With New Signatures
The redesign will affect all denominations, including the Sh50, Sh100, Sh200, Sh500, and Sh1,000 notes.
The redesign will affect all denominations, including the Sh50, Sh100, Sh200, Sh500, and Sh1,000 notes.
Equity Bank Reduces Loan Interest Rates Following CBK Rate Reduction
The reduction follows the recent decision by the Central Bank of Kenya (CBK) to cut the Central Bank Rate (CBR) from 12.75% to 12.0%.
The reduction follows the recent decision by the Central Bank of Kenya (CBK) to cut the Central Bank Rate (CBR) from 12.75% to 12.0%.
President Ruto Nominates Arita As New CBK Deputy Governor
His previous roles include Director of Financial Markets Development, Director of Banking Services, and Acting Director of Internal Audit.
His previous roles include Director of Financial Markets Development, Director of Banking Services, and Acting Director of Internal Audit.
CBK Adopts New Platform For Bulk Payment
The Central Bank of Kenya (CBK) has instructed banks to notify their customers about the migration of the Kenya Electronic Payment and Settlement System (KEPSS) to a new platform
The Central Bank of Kenya (CBK) has instructed banks to notify their customers about the migration of the Kenya Electronic Payment and Settlement System (KEPSS) to a new platform
JPMorgan Appoints Sailepu Montet As Kenya Country Manager
Montet has been CBK’s deputy director of financial markets and its head of reserves management since July 2021.
Montet has been CBK’s deputy director of financial markets and its head of reserves management since July 2021.
JPMorgan Chase Approved To Open Representative Office In Kenya
According to CBK, the local office will serve as the marketing and liaison office for JPMorgan Chase's parent banks.
According to CBK, the local office will serve as the marketing and liaison office for JPMorgan Chase's parent banks.
Central Bank Lists 27 More Digital Credit Providers
This brings the number of licensed Digital Credit Providers to 85 in the Country.
This brings the number of licensed Digital Credit Providers to 85 in the Country.
CBK Wants CMA Review Of Irregular Trades Involving NSSF
The trades occurred between May and July 2024, involving the NSSF’s CSD accounts and two parties, Humphrey Wachira Gichuru and Pergamon Investment Bank.
The trades occurred between May and July 2024, involving the NSSF’s CSD accounts and two parties, Humphrey Wachira Gichuru and Pergamon Investment Bank.
The Central Bank of Kenya (CBK) Makes Key Changes To Kenyan Banknotes
The Central Bank of Kenya (CBK) has changed Kenyan currency notes to adhere to constitutional standards.
The Central Bank of Kenya (CBK) has changed Kenyan currency notes to adhere to constitutional standards.
Central Bank Of Kenya Reduces Base Rate To 12.75 Percent
CBK says that the previous rate of 13 percent helped cool inflation and strengthen the Kenyan shilling against major global currencies, such as the US dollar.
CBK says that the previous rate of 13 percent helped cool inflation and strengthen the Kenyan shilling against major global currencies, such as the US dollar.
Real-Time Bank-To-Bank Transfers To Be Mandatory For Banks
This directive was forwarded to banks, including the Standard Chartered Bank.
This directive was forwarded to banks, including the Standard Chartered Bank.
Central Bank Approves Mogo As Digital Credit Financier
The Central Bank of Kenya (CBK) has approved Mogo Kenya to provide digital credit services.
The Central Bank of Kenya (CBK) has approved Mogo Kenya to provide digital credit services.
Kamau Thugge Wins Africa's Central Bank Governor Of The Year Award
The African Banker Magazine has named Central Bank of Kenya(CBK) Governor Dr Kamau Thugge the African Central Bank Governor of the Year.
The African Banker Magazine has named Central Bank of Kenya(CBK) Governor Dr Kamau Thugge the African Central Bank Governor of the Year.
LemFi Receives Approval To Operate Remittances In Kenya
The Central Bank of Kenya (CBK) has granted LemFi additional regulatory approval to provide remittance services in Kenya.
The Central Bank of Kenya (CBK) has granted LemFi additional regulatory approval to provide remittance services in Kenya.
Bank Of Kigali Closes Kenyan Office To Focus On Digital Banking
The Bank of Kigali (BoK) has closed its Kenyan representative office in Nairobi after more than ten years in the country to focus on digital service delivery channels.
The Bank of Kigali (BoK) has closed its Kenyan representative office in Nairobi after more than ten years in the country to focus on digital service delivery channels.
Regulators Urge CBK To Form Crypto Regulation Taskforce
The Central Bank of Kenya (CBK) has been urged to form a technical working group that will give recommendations to the National Treasury on how to regulate the cryptocurrency industry in the Country.
The Central Bank of Kenya (CBK) has been urged to form a technical working group that will give recommendations to the National Treasury on how to regulate the cryptocurrency industry in the Country.
Central Bank Of Kenya Approves 19 More Digital Lenders
The Central Bank of Kenya (CBK) has approved 19 new digital credit organizations.
The Central Bank of Kenya (CBK) has approved 19 new digital credit organizations.
