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Loan repayment history is key to affordable bank credit, GTBank boss says

GTBank Kenya Managing Director Jubril Adeniji during the My Chat with a Bank CEO session. [Courtesy]

Borrowers with strong repayment records will soon enjoy cheaper loans and better access to credit under Kenya’s new loan pricing formula, GTBank Kenya Managing Director Jubril Adeniji says.

Mr Adeniji said under the new framework enables banks to evaluate borrowers on an individual basis, rewarding good repayment behavior with lower interest rates and, in some cases, eliminating the need for collateral.

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