27 banks snub new central bank loans pricing formula

Nearly three-quarters of banks have rejected the new risk-based pricing formula introduced by the Central Bank of Kenya, opting instead for the Central Bank Rate (CBR). Out of 37 banks, 27 have chosen the CBR as their benchmark, with only a few adopting Kesonia. The Cooperative Bank of Kenya, along with Habib Bank AG Zurich and ABC Bank, are exceptions that have opted for Kesonia as their benchmark.