A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi
Eleven commercial banks must raise a combined Sh15 billion by December 2025 or risk losing their licenses as the Central Bank of Kenya (CBK) enforces new minimum capital rules.
The tier III lenders are under pressure to lift their core capital to Sh3 billion, up from Sh1 billion, in less than four months. They are expected to plug the gap through stake sales, shareholder rights issues, mergers, or capital injections from parent companies.
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