By
George Ngigi
Correspondent
Nation Media Group
Struggling commercial banks have been given a three-year deadline extension to raise their core capital to a minimum Sh10 billion, offering reprieve to 23 small lenders that are below the set mark.
Small lenders given three more years to meet core capital rule
The declaration by the National Treasury comes a day after the Central Bank Kenya (CBK) declared the deadlines were not being extended.
TL;DRAI
Kenya extends the 2032 deadline for banks to reach Sh10 billion core capital and eliminates annual targets for 23 undercapitalized lenders. Softer regulation reduces downgrade risk but signals sector fragility, accelerating M&A consolidations (Zenith-Paramount) and fintech instability.
477 words~2 min read
