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List of 38 Licensed Banks in Kenya, Their Interest Rates on Loans and Deposits in 2025
Business and Economy

List of 38 Licensed Banks in Kenya, Their Interest Rates on Loans and Deposits in 2025

by  Elijah Ntongai reviewed by  Jackson Otukho
3 min read
  • The Central Bank of Kenya (CBK) has released the average interest rates for loans and deposits across all 38 licensed commercial banks in Kenya for May 2025
  • Commercial International Bank (CIB) Kenya Ltd recorded the highest lending rate at 19.91%, while Citibank N.A. Kenya and Stanbic Bank posted the lowest rates at 12.84%
  • The CBK lowered its base lending rate to 9.75% for the sixth consecutive time, urging commercial banks to cut lending rates and support increased access to affordable credit

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Elijah Ntongai, an editor at TUKO.co.ke, has over four years of financial, business, and technology research and reporting experience, providing insights into Kenyan, African, and global trends.

The Central Bank of Kenya (CBK) has published the average interest rates on loans and deposits by the commercial banks in Kenya.

Commercial banks in Kenya lending rates.
Kenyan customers at a banking hall and hands holding Kenyan money used for illustration. Photo: Rodworks/Simon Maina.
Source: Getty Images

There are 38 licensed commercial banks in the country, with nine of them considered tier one.

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These include KCB Bank, Equity Bank, NCBA Bank, Cooperative Bank, Absa Bank Kenya, Standard Chartered Bank, Diamond Trust Bank, Stanbic Bank, and I&M Bank.

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Kenyan banks' interest rates on loans and deposits

Below are the average interest rates charged on loans and offered to depositors across all commercial banks.

The banks are arranged from the highest to the lowest lending rates.

BankInterest rate %(Loans)Interest rate %(Deposits)
1Commercial International Bank (CIB) Kenya Ltd19.9110.75
2Access Bank (Kenya) PLC19.5110.75
3Middle East Bank (K) Limited19.0910.50
4Credit Bank PLC18.8310.31
5HFC Limited18.6210.12
6SBM Bank Kenya Limited18.4710.05
7Bank of Africa Kenya Limited18.359.91
8Sidian Bank Limited18.169.88
9African Banking Corporation Limited18.069.80
10I&M Bank Limited17.919.55
11UBA Kenya Bank Limited17.589.33
12DB Bank Kenya Limited17.529.36
13Development Bank of Kenya Limited17.419.48
14Family Bank Limited17.149.21
15M-Oriental Bank Limited16.979.11
16Co-operative Bank of Kenya Limited16.879.22
17National Bank of Kenya Limited16.849.21
18Kingdom Bank Limited16.719.07
19Prime Bank Limited16.379.13

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BankInterest rate %(Loans)Interest rate %(Deposits)
20KCB Bank Kenya Limited16.178.91
21NCBA Bank Kenya PLC16.118.82
22Victoria Commercial Bank PLC16.088.73
23Guaranty Trust Bank (K) Ltd15.928.84
24ABSA Bank Kenya PLC15.918.92
25Diamond Trust Bank Kenya Limited15.348.52
26Bank of Baroda (Kenya) Limited15.248.62
27Premier Bank Kenya Limited15.128.92
28Bank of India15.448.91
29Equity Bank Kenya Limited14.898.69
30Gulf African Bank Limited14.778.54
31Habib Bank AG Zurich14.558.34
32Paramount Bank Limited14.278.28
33Ecobank Kenya Limited13.978.11
34Consolidated Bank of Kenya Limited13.617.87
35Guardian Bank Limited13.577.83
36Standard Chartered Bank Kenya Limited13.357.31
37Stanbic Bank Kenya Limited12.847.54
38Citibank N.A Kenya12.847.29

What is Central Banks base lending rate?

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Notably, the CBK lowered its base lending rate to commercial banks for the sixth time in a row.

CBK reviewed the Central Bank lending rate to 9.75% and urged commercial banks to cut their lending rates to their customers.

CBK cut its benchmark lending rate by 25 basis points, marking a continued easing of monetary policy intended to stimulate private sector credit and support economic recovery.

CBK's monetary policy committee noted that private sector lending showed signs of recovery, growing by 2.0% in May 2025, while average interest rates declined to 15.4%.

Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.

Source: TUKO.co.ke

Authors:
Elijah Ntongai avatar

Elijah Ntongai (Business editor) Elijah Ntongai is an MCK accredited journalist and an editor at TUKO.co.ke's business desk, covering stories on money, the economy, technology, and other business-angled stories. Ntongai graduated from Moi University with a Bachelor's in Linguistics, Media and Communication. Ntongai is trained and certified under the Google News Initiative and Reuters Digital Journalism. For any correspondence, contact Ntongai at elijah.ntongai@tuko.co.ke.

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