Central Bank of Kenya
Banks rush to open vaults to NYS scandal probe
KCB Bank Kenya, Equity Bank and Diamond Trust Bank in swift move, which is seen as aimed at preventing confrontation with investigators, say...
BT Reporter2 Mins read
Five banks fined Sh392m for illegal Sh3.5b NYS transactions
In a statement, CBK said the banks were found to have been in violation of requirements stipulated under Kenya's anti-money laundering/ combating financing...
BT Reporter1 Mins read
Plan to enhance discipline in Kenyan banking industry gets backing
Analysts say that if adopted, the Banking Sector Charter will go a long way in removing the existing opacity in loan prices and...
XINHUA1 Mins read
KCB ends Chase Bank receivership role
This follows the Central Bank of Kenya’s approval of the transfer of selected assets and liabilities of the lender to SBM Bank Kenya
BT Correspondent1 Mins read
Tough rules for high value cash withdrawals
Under the tightened rules, any cash transactions on a single day of between Ksh 1 million to Ksh 10 million will require approval...
THE STANDARD2 Mins read
Banks slow down acquisitions and mergers
Only one acquisition has been recorded so far IN 2018, a departure from last year where the country registered four, with more banks...
XINHUA2 Mins read
No more headroom to borrow, CBK warns Treasury
The country’s debt now stands at Ksh 4.6 trillion as of November 2017 with the International Monetary Fund sounding alarm bells on Kenya’s borrowing...
CAPITAL FM1 Mins read
CBK pledges action on banks linked to NYS scam
Governor Patrick Njoroge says investigations are anchored on a number of legislative guidelines including laws on money laundering, combating of financing of terrorism...
THE STAR1 Mins read
Former CBK governor lands continental job
He returns to the African Economic Research Consortium family with a wealth of policy making experience to take this precious African success story...
BUSINESS TODAY1 Mins read
