CBK has asked 24 banks with core capital below Sh10 billion to explain how they plan to meet the new minimum by 2029. The first target is Sh3 billion by 2025.
The 12 banks that have less than Sh3 billion include:
— Habib Bank AG Zurich - Sh2.9 billion
— Premier Bank Kenya - Sh2.8 billion
— Commercial International Bank - Sh2.7 billion
— M-Oriental Bank - Sh2.6 billion
— Paramount Bank - Sh2.5 billion
— Credit Bank - Sh2.5 billion
— Development Bank of Kenya - Sh2.1 billion
— Middle East Bank Kenya - Sh2 billion
— UBA Kenya Bank - Sh1.7 billion
— HFC Ltd - Sh1.7 billion
— Access Bank Kenya - Sh1.3 billion
— Consolidated Bank of Kenya - (-Sh0.68 billion)
The 12 banks that have less than Sh3 billion include:
— Habib Bank AG Zurich - Sh2.9 billion
— Premier Bank Kenya - Sh2.8 billion
— Commercial International Bank - Sh2.7 billion
— M-Oriental Bank - Sh2.6 billion
— Paramount Bank - Sh2.5 billion
— Credit Bank - Sh2.5 billion
— Development Bank of Kenya - Sh2.1 billion
— Middle East Bank Kenya - Sh2 billion
— UBA Kenya Bank - Sh1.7 billion
— HFC Ltd - Sh1.7 billion
— Access Bank Kenya - Sh1.3 billion
— Consolidated Bank of Kenya - (-Sh0.68 billion)