At least seven microfinance banks will need fresh capital to meet proposed CBK requirements.
By
Kepha Muiruri
Business Reporter
Nation Media Group
At least half of Kenya’s 14 microfinance banks face pressure to raise an estimated Sh2.9 billion to meet newly proposed minimum core capital requirements by the Central Bank of Kenya(CBK), signalling a fresh wave of mergers and acquisition deals in the lending sub-sector.
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Four banks remain below the minimum capital threshold as lenders prepare for a further increase in regulatory requirements at the…
The declaration by the National Treasury comes a day after the Central Bank Kenya (CBK) declared the deadlines were not being…
Kenya’s banks face tougher capital rules as regulators push for stronger, more stable financial institutions through…
The CBK provides liquidity to commercial and microfinance banks as a lender of last resort to ensure the sector’s stability.
The target is likely to intensify competition in Kenya's banking industry, where KCB Group, Equity Group and Co-operative Bank…
The Central Bank of Kenya (CBK) mandates lending to directors and employees not to exceed a bank's core capital in order to…
