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CBK Intensifies Efforts to Ensure Fair Lending Practices in Kenya

Summary by khusoko.com
The Central Bank of Kenya (CBK) has increased penalties for banks that fail to comply with regulatory guidelines, raising the maximum fine from Ksh2 million to Ksh20 million. This move follows the enactment of the Business Laws Amendment Act and comes amid concerns over banks’ reluctance to lower lending rates despite recent monetary policy easing [...] The post CBK Intensifies Efforts to Ensure Fair Lending Practices in Kenya appeared first on …
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