Kenyan Banks Struggle to Meet New Core Capital Requirements as CBK Sets Deadline

A majority of commercial banks in Kenya are yet to meet the revised core capital requirements, with 24 out of 38 banks falling short of the new ksh 10 billion threshold. The Central Bank of kenya has now directed the banks to submit capital build-up plans by April 1st. CBK is also working on a new tool that will ensure instant reflection of changes in lending rates.