12 lenders ignore Central Bank of Kenya regulations

Deposit flight from small lenders at the height of the banking crisis distorted the liquidity ratio for most banks. [Wilberforce Okwiri, Standard]

Central Bank of Kenya (CBK) has flagged 12 lenders for flouting banking laws, even as it upgraded the rating of the banking sector from satisfactory to strong.

The enhanced industry rating was mainly due to improved capital adequacy and asset quality. Some 11 banks continue to be ranked as strong while the number of those ranked as satisfactory has dropped from 19 to 16.