CBK halts licensing of new banks
38 views · Published 19 November 2015 · 1:48 · Indexed 10 November 2026
Channel: KBC Channel 1 · 2015 · News & Politics
The Central Bank of Kenya has frozen the issuance of new licenses to new banks as it moves to streamline its operations. The bank says in a statement that no bank will be issued with a new license but the moratorium does not affect mergers or acquisitions. The move is seen as an attempt by the newly appointed Central Bank Governor Patrick Njoroge to rein into the affairs of the regulator after a series of malpractices within the sector where CBK has come under sharp criticism. Connect with KBC Online; Visit our Website - http://www.kbc.co.ke/ Follow KBC on Twitter - https://twitter.com/KBCChannel1 Find KBC on Facebook - https://www.facebook.com/kbcchannel1news/ Follow KBC on Instagram - https://www.instagram.com/kbcnews_/ #KBCNewsHour
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