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Guidance Note on Implementation of IFRS 9

The Central Bank of Kenya has issued a Guidance Note to commercial banks, mortgage finance companies and microfinance banks on regulatory capital treatment of provisions arising from implementation of the International Financial Reporting Standard (IFRS) 9. Read...

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Credit Survey Report

The Central Bank of Kenya has compiled the credit officer survey report for the quarter ended December 2017. The survey, undertaken on a quarterly basis, aims at monitoring trends in credit standards in the Kenyan banking industry and gaining insights into specific...

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Credit Survey Report

The Central Bank of Kenya has compiled the quarterly credit officer survey report for the quarter ended June 2017. The survey aims at monitoring the credit standards and gaining insights into specific developments in the domestic credit market. Read...

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2016 Bank Supervision Annual Report

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...

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CBK Guidance Note on Cybersecurity

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...

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MPC retains CBR at 10 percent

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...

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Draft Banking (Penalties) Regulations 2017

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,...

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