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| The new rules stipulate that commercial banks provide an additional buffer of 2.5 per cent on minimum capital adequacy ratio of eight per cent (for Tier 1 Banks) and 12 per cent (for Tier 2 banks). (Photo: Standard/File) |
By James Anyanzwa
Kenya: Commercial banks have been issued with an 18-month ultimatum to reconstitute their boards in conformity with the new corporate governance practices.
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