Central Bank Of Kenya on Haile Selassie avenue in Nairobi.[Wilberforce Okwiri,Standard]
Kenyan units of global banking giants are offering the country’s most competitive lending rates, using their expansive capital bases to undercut domestic rivals and capture prime borrowers in the country.
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 12.59 per cent in July—the lowest among 37 commercial banks in the country.
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Kenyan units of global banking giants are offering the country’s most competitive lending rates, using their expansive capital bases to undercut domestic rivals and capture prime borrowers in the country.
Follow The Standard
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By Brian Ngugi