General, Uncategorized
The Central Bank of Kenya has released the Bank Supervision Report for 2016. The report reviews performance and developments in the Kenyan banking sector in 2016. The banking sector demonstrated continued resilience both in its domestic and regional operations. The...
General, Uncategorized
The leveraging on technology by banks exposes them to increased cyber risks. In this regard, the Central Bank of Kenya (CBK) has issued a Guidance Note on Cybersecurity that outlines the minimum requirements for banks to enhance their cyber security. Read...
Banking Sector, General
The Central Bank of Kenya (CBK) announces that Diamond Trust Bank Kenya Limited (DTB) has acquired 100 percent of Habib Bank Limited Kenya (HBLK), effective August 1, 2017. HBLK is fully owned by Habib Bank Limited (HBL) whose head office is based in Pakistan Read...
General
The next meeting of the Monetary Policy Committee (MPC) will be held on September 18, 2017.
General
The Monetary Policy Committee retained the Central Bank Rate (CBR) at 10.0 percent at its July 17, 2017 meeting. The meeting was held against a backdrop of declining food prices, sustained macroeconomic stability, and continued resilience of the economy. Read...
General
Section 55 of the Banking Act requires the Central Bank of Kenya (CBK) to prescribe penalties for violation of the Banking Act, Regulations thereunder, the Prudential Guidelines or CBK’s directions. In this regard, CBK has drafted the Banking (Penalties) Regulations,...
