Six banks fail to meet CBK standards
16 May 2013, 14:01
Nairobi - Six banking institutions did not meet the standards set by the Central Bank by the end of 2012, Daily Nation reports.
A report released by the CBK shows that Equatorial Commercial Bank and Dubai Bank violated the Banking Act and Central Bank’s prudential guidelines as at the end of 2012.
The two commercial banks violated the minimum core capital requirement, which is set at KES 1 billion.
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