Banks Get Three More Years to Meet Sh10 Billion Capital Requirement

Commercial banks struggling to meet the minimum core capital requirement have been granted a three-year extension, providing relief to more than 20 lenders that remain below the proposed threshold. Treasury Cabinet Secretary John Mbadi announced that the deadline for banks… Commercial banks struggling to meet the minimum core capital requirement have been granted a three-year extension, providing relief to more than 20 lenders that remain below the proposed threshold. Treasury Cabinet Secretary John Mbadi announced that the deadline for banks to increase their minimum core capital from the current Sh3 billion to Sh10 billion has [...] The post Banks Get Three More Years to Meet Sh10 Billion Capital Requirement appeared first on Kahawatungu.