Mwango Capital
February 10, 2025 at 06:00 AM
Co-op Bank cuts its Base Lending Rate by 200bps from 16.5% p.a. to 14.5% p.a., effective immediately:
🔹 New effective rate: 14.5% p.a. + margin of 0% to 4% p.a. based on credit profile
🔹 Aims to boost credit access, especially for MSMEs, to spur economic growth