Commercial banks and microfinance banks are now able to access the credit history of borrowers on a real time basis, helping address information asymmetry which often stifled lending. •  Greater transparency and competitive pricing of loans and mortgages. The Central Bank of Kenya (CBK) continues to urge banks to reduce their operating costs and enhance transparency in the pricing of credit.
In this respect, the CBK has commenced the quarterly publication of individual banks’ lending rates across loan categories and maturities. The housing sector in Kenya has also attracted the attention of the diaspora who have been remitting funds to acquire or build assets for their retirement or their future housing.