Barclays of Kenya Says Base Lending Rate Is Revised to 14.75%

Barclays Bank of Kenya Ltd. (BCBL), the country’s second-biggest lender by market value, adjusted its base lending rate to 14.75 percent, according to a statement published in the Standard newspaper today.

It didn’t say what the rate was previously. The change takes effect tomorrow, the company said.

To contact the reporter on this story: Sarah McGregor in Nairobi at smcgregor5@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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