CBK Lists All Kenyan Banks and Their Interest Rates on Loans in June 2025
- The Central Bank of Kenya (CBK) cut its base lending rate to 9.75% in June 2025 in a bid to stimulate private sector growth
- CBK reported that the overall lending rates among the commercial banks fell from 16.64% in January 2025 to 15.29% in June
- Citibank N.A Kenya had the lowest lending rates at 10.41%, followed by Stanbic Bank Kenya Limited at 12.42%
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 released the average lending rates among the commercial banks licensed to operate in the country.
Source: Getty Images
The CBK has lowered its benchmark lending rate since the fourth quarter in 2024 as it continues its efforts to ease monetary policy and stimulate private sector credit growth to support economic recovery.
In June, the CBK lowered the base lending rate by 25 basis points to 9.75% after the June Monetary Policy Committee meeting and called on commercial banks to cut down their interest rates in line with the new CBK rate.
What are the lending rates in June?
According to the CBK, the overall lending rates among the commercial banks have been on a gradual downward trajectory. The average interest rates fell from 16.64% in January 2025 to 15.29 in June.
Below are the average interest rates arranged from the lowest to the highest in June.
- Citibank N.A Kenya: 10.41%
- Stanbic Bank Kenya Limited: 12.42%
- Ecobank Kenya Limited: 12.90%
- Standard Chartered Bank Kenya Limited: 13.08%
- Guardian Bank Limited: 13.54%
- Consolidated Bank of Kenya Limited: 13.80%
- Paramount Bank Limited: 14.37%
- Habib Bank A.G Zurich: 14.61%
- Gulf African Bank Limited: 14.70%
- Equity Bank Kenya Limited: 14.84%
- Bank of India: 15.98%
- Premier Bank Kenya Limited: 15.00%
- Bank of Baroda (Kenya) Limited: 15.09%
- Diamond Trust Bank Kenya Limited: 15.15%
- ABSA Bank Kenya PLC: 15.29%
- NCBA Bank Kenya PLC: 15.41%
- Prime Bank Limited: 15.44%
- Victoria Commercial Bank PLC: 15.64%
- KCB Bank Kenya Limited: 15.69%
- Guaranty Trust Bank (K) Ltd: 15.74%
- Kingdom Bank Limited: 15.75%
- National Bank of Kenya Limited: 15.82%
- Family Bank Limited: 16.00%
- Co-operative Bank of Kenya Limited: 16.09%
- M-Orient Bank Limited: 16.19%
- African Banking Corporation Limited: 16.42%
- UBA Kenya Bank Limited: 16.44%
- I&M Bank Limited: 16.55%
- Development Bank of Kenya Limited: 16.59%
- DIB Bank Kenya Limited: 16.60%
- Sidian Bank Limited: 17.52%
- SBM Bank Kenya Limited: 18.00%
- Bank of Africa Kenya Limited: 18.21%
- Middle East Bank (K) Limited: 18.65%
- HFC Limited: 19.01%
- Commercial International Bank (CIB) Kenya Limited: 19.43%
- Credit Bank PLC: 19.43%
- Access Bank (Kenya) PLC: 19.97%
Source: UGC
Why are lending rates still high
Earlier, TUKO.co.ke reported that Kenyan borrowers continue to pay high loan interest rates despite the CBK lowering the base lending rates.
Kenya Bankers Association's Director of Research and Policy, Samuel Tiriongo, explained that lending rates depend on individual banks’ base rates, market factors, and the customer’s credit risk profile, which remains elevated.
Tiriongo noted that despite the low base lending rate, the customer credit risk is still high; hence, the high lending rates.
Rising non-performing loans, which hit 17.2% in early 2025, have also pushed lenders to adopt caution, leading to higher rates despite policy changes.
Proofreading by Jackson Otukho, copy editor at TUKO.co.ke.
Source: TUKO.co.ke
