Banking Sector
The Central Bank of Kenya announces the issuance and implementation of the Kenya Quick Response Code Standard 2023 (KE-QR Code Standard 2023; or the Standard). The Standard will guide how Payment Service Providers and banks (institutions) that are regulated by the CBK...
Banking Sector
The Central Bank of Kenya (CBK) announces the licensing of additional 10 Digital Credit Providers (DCPs). This is pursuant to Section 59(2) of the Central Bank of Kenya Act (CBK Act). This brings the number of licensed DCPs to 32 following the licensing of 22 DCPs...
Banking Sector
The Central Bank of Kenya has released the Credit Officer Survey Report for the quarter ended December 2022. The aim of the quarterly credit survey is to monitor Kenyan banking sector credit standards and gain insights into specific developments in the credit market....
Banking Sector
The Central Bank of Kenya (CBK) announces the licensing of 12 Digital Credit Providers (DCPs). This is pursuant to Section 59(2) of the Central Bank of Kenya Act (CBK Act). This brings the number of licensed DCPs to 22 following the licensing of 10 DCPs announced in...
Banking Sector
The Central Bank of Kenya (CBK) announces the acquisition of certain Assets and Liabilities of Spire Bank Limited (Spire) by Equity Bank Kenya Limited (EBKL) effective January 31, 2023. This follows approval by CBK on January 23, and the Cabinet Secretary for the...
Banking Sector
The Central Bank of Kenya (CBK) announces the acquisition of 49 percent of the shareholding of Mayfair CIB Bank Limited (MBL) by Commercial International Bank (Egypt) S.A.E. (CIB) effective January 31, 2023. This follows CBK’s approval on January 23, 2023, under...
