Transnational Bank has assured its clients who have clean credit records that they will enjoy lower interest rate than the 14 per cent capped by the Central Bank.
The bank said good credit history, which include regular banking, good borrowing and repayment history would be used to reward clients. “Customers with good credit history will enjoy lower lending rates,” said Sammy Lang’at, the bank’s chief executive officer.
The bank will also give its customers higher interest returns on their savings than the minimum most banks give. “If your bank is not giving you more than eight per cent return, Transnational is where you need to put your savings,” Lang’at said. The CEO said the bank had fully complied with the law capping interest rates.
Speaking during the re-launch of the institution’s Nakuru Branch, Lang’at said the new-look and feel of the bank is aimed at giving more space for customers as the institution implements its 2015–2020 agribusiness strategy, which made it one of Kenya’s banks fully focused on financing agriculture.
