Kenyan Banks may need three sets of accounts as new accounting rule sets in

 

Barclays Bank Chief Finance Officer Yufuf Omari(r) explains a point as Kenya Bankers Association Chief Executive Officer Habil Olaka looks on during banks workshop on Implementation of new accounting standard

NAIROBI, KENYA: Commercial banks may have to prepare three different sets of financial results to please three regulators as a new reporting standard comes into force in three months’ time.