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Banks Increase Lending Rates As Personal & Household Loans Take Biggest Share Of Credit Approvals

Commercial banks’ weighted average lending rates for Shilling-denominated credit increased marginally from 17.64% in June 2024 to 17.76% in July 2024, Finance Ministry has reveled in its Performance of the Economy Monthly Report for August 2024. Similarly, foreign currency-denominated credit rates increased from 9.23% in June 2024 to 9.62% in

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