Press Releases
Banks Roll Out Annual Percentage Rate Pricing with Launch of “Credit Calculator” Website and Mobile App
July, 2014
Commercial banks in Kenya will begin disclosing to loan applicants the components that make up the total cost of credit as a percentage known as the Annual Percentage Rate (APR). This follo
Banks Adopt Annual Percentage Rate Calculation Method for Consumer Loans
May, 2014
Commercial banks in Kenya have begun the pilot implementation of the Annual Percentage Rate (APR) pricing mechanism, which will enable consumers to compare different bank loan costs based on standa
Articles
Low lending rates are in the interest of banks too
Discussions about interest rates are often more emotive than those of other market prices. That is the case, I could argue, because being the price of money interest rates have the unique characteristic of simultaneously evoking hope and fear. Tha
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