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Kenya’s Central Bank to Raise Core Capital Requirements for Commercial Banks

Patrick Alushula

Patrick Alushula is a seasoned Kenyan-based senior business journalist..
  • Central Bank of Kenya to increase minimum core capital for commercial banks from KES 1 billion to KES 10 billion
  • Move aims to enhance stability and resilience of the banking sector

 

Nairobi, Kenya – The Central Bank of Kenya (CBK) plans to increase the minimum core capital requirements for commercial banks from the current KES 1 billion to KES 10 billion, in a bid to enhance the stability of a sector that holds nearly KES 6 trillion.

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