2017-06-07 | 136870827

Banking Circular No. 3 of 2017 - Cost of Credit Website Portal

The Central Bank of Kenya, in collaboration with the Kenya Bankers Association, has launched a 'cost of credit' website to enhance transparency in the banking sector. This initiative aims to provide standardized information on the total cost of credit, including annual percentage rates, repayment schedules, and total costs. All commercial banks are expected to participate by submitting, updating, and uploading data on specified loan types, ensuring accuracy and timeliness.

Kenya

Central Bank of Kenya

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