2013-09-27

Banking Circular No 3 of 2013 - Review of the Central Bank Rate (CBR)

The Central Bank of Kenya has issued two new Prudential Guidelines: Incidental Business Activities (CBK/PG/23) and Non-Operating Holding Companies (CBK/PG/24). These guidelines enable licensed institutions to offer various financial services under one roof, while strengthening capital requirements and reducing complexity of structures. They will be effective from October 1st, 2013. Any institution breaching these guidelines may face remedial actions as per the Banking Act and its regulations.

Kenya

Central Bank of Kenya

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