Banks have taken a hit on their financials with reduced income charged on loans following the low interest regime that the Central Bank of Kenya (CBK) started in August 2024.
year.
Half year financials published by several banks show how their total interest income and, in some cases, net interest income dropped, as the institutions were forced to adjust their lending rates downwards.
Particularly, income from loans and advances to customers dropped in the period compared to the previous year.
