Kenyan borrowers are now questioning how banks determine loan interest rates after the Central Bank of Kenya (CBK) imposed penalties on 33 commercial banks due to significant violations of banking regulations.The CBK noted that most issues identified during their inspections were related to the implementation of the Risk-Based Credit Pricing
Tag: banking sector
Esther Koimett Takes 17.48% Stake in Middle East Bank
Esther Jepkemboi Koimett, the former Principal Secretary of Kenya, has emerged as the largest individual shareholder of Middle East Bank Kenya, holding a remarkable 17.48% stake. This significant acquisition follows a multimillion-dollar inheritance from her late father, Nicholas Biwott, a distinguished businessman and former Cabinet minister.Recent ownership disclosures from the