Two Banks in Kenya Risk CBK Crackdown If They Miss Sh10 Billion Capital Mark
Access Bank Kenya and Consolidated Bank of Kenya are facing heightened regulatory pressure under the Central Bank of Kenya’s (CBK) newly enforced capital adequacy rules, which mandate a phased increase of core capital from Sh1 billion to Sh10 billion by 2029. Both lenders are currently operating below even the existing minimum, raising concerns over potential […]
CBK Proposes Using CBR to Set Credit Prices Across All Banks
The Central Bank of Kenya (CBK) has proposed an overhaul of the country’s credit pricing framework, recommending that all banks base their lending rates on the Central Bank Rate (CBR). This will potentially bring an end to the Risk-Based Credit Pricing Model (RBCPM), which has faced serious implementation hurdles since its adoption in 2019. Why […]
Banks Face Daily Fines from June for Failing to Lower Lending Rates, CBK Says
The Central Bank of Kenya (CBK) has announced it will begin imposing daily fines on commercial banks that fail to reduce their lending rates in line with the Central Bank Rate (CBR), effective June 2025. This comes as the regulator pushes to strengthen the transmission of monetary policy and ensure that borrowers benefit from the […]
Nigerians Criticize CBN’s New ATM Withdrawal Fees
Nigerians have voiced strong opposition to the Central Bank of Nigeria’s (CBN) newly implemented ATM withdrawal charges, which took effect on Saturday, March 1, 2025. The revised fee structure, which eliminates previously allowed free transactions, has sparked widespread dissatisfaction among bank customers already grappling with economic hardships. According to the new policy, customers withdrawing money […]
Monetary Policy Committee Reduces Central Bank Rate to 11.25%
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has cut the Central Bank Rate (CBR) from 12% to 11.25% following its meeting on December 5, 2024. The decision aims to support economic activity, maintain exchange rate stability, and anchor inflation expectations amidst evolving global and domestic economic conditions. The MPC noted […]