Co-op Bank Becomes The First To Lower Interest Rates After President Uhuru Signed The Controversial Bill Into Law

President Uhuru signed into law a Bill capping bank interest rates at 4 per cent above the Central Bank Benchmark Rate of 10.5%.

The President signed the controversial 2015 Banking (Amendment) Bill at State House on Wednesday 24th August 2016.

Co-operative bank’s Managing Director and CEO, Dr. Gideon Muriuki, has today signed a directive to all Co-operative bank managers and all Co-op related lending units to comply with the new law on interest rate.

You can now rush to any Co-Operative bank countrywide and get a loan with the new interest rate!