Bloomberg News

Commercial Bank of Africa Increases Base Lending Rate to 14.5%

June 14, 2011

June 14 (Bloomberg) -- Commercial Bank of Africa Ltd., a Kenyan lender, increased its base lending rate to 14.5 percent from 13 percent with effect from July 11.

The bank, based in Nairobi, commented in a statement in the Standard newspaper today.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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