Revised Risk-Based Credit Pricing Model (RBCPM) By CBK - What it means for New loan borrowers and Existing Loan Borrrowers
Published 4 months ago |
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Breakdown of the Revised RBCPM 1. Common Reference Rate KESONIA (Kenya Shilling Overnight Interbank Average) is now the main benchmark. What does this Mean? ü KESONIA is Kenya’s new benchmark interest rate that reflects the average rate at which banks lend and borrow unsecured overnight funds in Kenyan Shillings. It is calculated daily from actual interbank transactions and administered by the Central Bank of Kenya (CBK). Explanation 1. Definition KESONIA stands for Kenya Shilling Overnight Interbank Average.
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