CIB Kenya Limited has announced an important update regarding its lending rates following the Central Bank of Kenya’s decision to lower the benchmark rate from 9.00% to 8.75% on February 10, 2026, in line with the scheduled full implementation of the Revised Credit Pricing Model (RBCPM). The bank confirmed that these changes will affect both existing and new Kenya Shilling variable-rate credit facilities in accordance with regulatory timelines and compliance requirements.
All Kenya Shilling variable-rate facilities issued before December 1, 2025, will transition to the RBCPM on February 28, 2026, with the Central Bank Rate applied to these facilities updated to 8.75%, effective March 13, 2026. Facilities issued after December 1, 2025, will see the reference rate transition to the Central Bank Rate from February 28, 2026, and the CBR pricing component for these facilities will be adjusted from 9.00% to 8.75%, effective March 13, 2026. All new Kenya Shilling variable-rate facilities issued from February 11, 2026, will automatically apply the revised CBR of 8.75% as the reference rate.
Under the RBCPM framework, the final lending rate for each customer will consist of CBR + Premium (K), where the Premium (K) includes both a cost premium and a customer-specific risk premium. The Total Cost of Credit (TCC) will comprise the reference rate, the applicable risk premium, and all fees and charges approved by the Central Bank of Kenya, with full disclosure provided in line with regulatory requirements.
CIB Kenya emphasized that all necessary measures have been implemented to ensure a smooth transition, and the bank remains committed to transparency and supporting its customers throughout this process. For further assistance, customers can contact the bank via 0703053100, 0748250250, contactus@cibke.com, or reach out to their dedicated Relationship Manager. Terms and conditions apply. CIB Kenya Limited is regulated by the Central Bank of Kenya.
