2019-02-28 | 1427413049

Banking Circular No. 1 of 2019 - Kenya Banking Sector Charter

The Central Bank of Kenya (CBK) has finalized the Kenya Banking Sector Charter (BSC), which sets standards for responsible and disciplined banking practices in the country. The BSC, effective from March 1, 2019, applies to institutions conducting banking, financial, mortgage, and micro-financing businesses. Commercial banks, microfinance banks, and mortgage finance companies are required to develop time-bound plans based on the BSC and submit them to the CBK by May 31, 2019, followed by quarterly progress reports.

Kenya

Central Bank of Kenya

Show thumbnail