Regulatory Alerts2015-07-08
Added · Updated
Microfinance Banking Circular No 2 of 2015 - Change of the Kenya Banks\' Reference Rate (KBRR)
The Central Bank of Kenya (CBK) has revised the Kenya Banks' Reference Rate (KBRR) from 8.54% to 9.87%, effective from July 7th, 2015. All microfinance banks are now required to use this new KBRR as their base rate for pricing flexible-rate loans. The CBK will continue to collaborate with stakeholders in implementing the framework effectively and disseminating information about it to the public.
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