Central Bank of Kenya’s tough new rules see banks revise their financial statements

Requirements by the Central Bank of Kenya (CBK) have seen banks continue to publish different financial statements, leaving investors with two sets of results.

Standard Chartered Bank of Kenya (StanChart), which released its results in March in line with the publishing requirements for the sector, yesterday published in the press a new set of financial statements that had were different from what had been forwarded to investors at the Nairobi Securities Exchange last month.