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Co-operative bank has capped interest on new loans at 14.5

   
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Co-operative bank has capped interest on new loans at 14.5%
Загружено 26 августа 2016
Meanwhile commercial banks have began adjusting their rates to comply with the new law signed president Kenyatta capping interest rates at not more than 4% ...

Co-op bank instructs officers to issue new loans at 14.5%
Загружено 26 августа 2016
Cooperative Bank of Kenya has directed all its units to give new loans at a maximum of 14.5% in line with the Banking Amendment Act 2015. However, the lack ...

Cooperative Bank of Kenya is the first institution to cap interest rates to 14.5 %
Загружено 30 августа 2016
Cooperative Bank of Kenya has become the first bank to comply with the new Banking Amendment Bill 2015. Cooperative Bank CEO Gideon Muriuki says all ...

Co-op Bank takes the lead in lowering interest rates
Загружено 26 августа 2016
The cooperative bank has become the first financial institution to comply with the new law that caps interest rates at 14.5 percent currently. The banks chief ...

Banks to cap interest rates on loans at 14.5%
Загружено 14 сентября 2016
The law capping interest rates on loans at not more than 14.5 percent has taken effect. This is expected to herald a new era of cheap loans even many ...

Equity's numbers: Bank defies loan rate cap to post growing profits
Загружено 3 ноября 2016
Equity Bank's after-tax profit for the 3rd quarter of the year has defied the effect of the control on interest rates, and gone up by 17 percent to 15 billion Shillings ...

Co-operative Bank unveils lending facility of up to Ksh. 5M to SMEs
Загружено 23 августа 2018
Micro, Small and Medium-sized Enterprises MSMEs, will soon be able to access unsecured business loans from Cooperative Bank as part a new ...

Kenya's parliament caps interest rates at 4 points above Central Bank Rate
Загружено 29 июля 2016
Kenya's parliament has passed a law that caps commercial lending rates at 400 basis points above the central bank benchmark rate. Bankers however say that ...

CFC bank complies with new banking law
Загружено 31 августа 2016
Commercial banks continue to lower the cost of credit following the signing of the Banking Amendment Act 2015. The Act requires lenders to cap interest rates ...

Interest rates: Tough questions abound over deposit rates
Загружено 10 августа 2016
Kenyan Banks have presented a joint memorandum of understanding that will include a raft of measures aimed at reducing interest rates over the next 3 months ...

Commercial banks must apply the new law that caps interest rates by the 14th of September 2016
Загружено 2 сентября 2016
Commercial banks must start applying the new law that caps interest rates at 14.5% by the 14th of September 2016 or within the next two weeks. According to a ...

How will capping of bank interest rates affect you?
Загружено 24 августа 2016
Trevor Ombija analyses the interest rates caps and explains its meaning. Watch more NTV Kenya videos at ntv.co.ke and nation.co.ke. Follow @ntvkenya on ...

How to pay your bills using Mco-op cash
Загружено 7 мая 2015
Use your phone to pay your bills using Mco-op cash.

Cooperative Issue: No Confiscation For 4 Months, Moratorium On Loans
Загружено 30 ноября 2016
The meeting of the ministers ended with the decision to impose a moratorium on the loans in the cooperative banks and to prevent any confiscation of the ...

President Kenyatta assents to bill capping bank interest rates.
Загружено 24 августа 2016
And so it has come to pass as President Uhuru Kenyatta assented to the bill that will see banks forced to cap the interest charged on loans. By signing the ... ...

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