2020-03-25

Banking Circular No. 2 of 2020 - Precautionary Measures to Ensure Business Continuity and Mitigate Pandemic Risk

As the novel Coronavirus (Covid-19) pandemic poses a significant risk to businesses, the Central Bank of Kenya advises all commercial banks, microfinance banks, and mortgage finance companies to activate their precautionary measures immediately. These include establishing alternate teams, creating redundant teams for critical functions, and ensuring backup power generation and supply. Institutions should also update their Business Continuity Plans (BCPs) and report any incident related to the pandemic affecting staff members or premises to CBK through email.

Kenya

Central Bank of Kenya

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