Consolidated Bank of Kenya and Credit Bank loans to directors and employees have exceeded their core capital, resulting in breach of insider lending rules and possible regulatory actions.
State-owned Consolidated Bank had lent its employees Sh436.7 million as at March 2026 despite having a negative core capital of Sh541.1 million. Loans to the bank employees grew by 6.3 percent from a year earlier despite being in breach of the regulatory requirement.
Credit Bank, associated with the family of the late politician Simeon Nyachae, had insider loans of Sh1.37 billion against a core capital of Sh1.36 billion as at March 2026.
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