Cooperative Bank of Kenya group managing director Gideon Muriuki. PHOTO | FILECooperative Bank on Friday complied with the newly signed Banking (Amendment) Bill, informing all its branches and lending units not to exceed interest rate at 14.5 per cent. This even as the banking stock prices fell for the second day running on Friday morning led by the largest three banks including Equity Bank losing 9.92 per cent, Cooperative bank 9.62 per cent, and KCB 10.00 per cent. By 11.30 AM, NIC bank had also lost 9.43 per cent, Housing Finance 9.71 per cent, Standard Chartered 6.86 per cent and I&M had shed off 9.84 per cent with Barclays losing 8.75 per cent. KCB was selling at Sh27, Equity Bank at Sh29.50, Coop at Sh10.80, NIC at Sh24, StanChart at Sh190, I&M at Sh87 and Housing Finance at Sh13.95 as at 11.30 AM.

Source: Daily Nation August 26, 2016 12:22 UTC