Central Bank of Kenya

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1d
AllAfrica.com
Loans Window Opens for Chase Bank Clientsonly 167,290 account holders (equivalent to 97 per cent) of total depositors ha
Loans Window Opens for Chase Bank Clients
AllAfrica.com / Posted yesterday
only 167,290 account holders (equivalent to 97 per cent) of total depositors have full access to their savings. Those with more than Sh1 million would receive their money "in a structured manner" in future, the Central Bank of Kenya had earlier sa... Read more
2d
AllAfrica.com
New CBK Board to Push for More Banking ReformsThe incoming board of the Central Bank of Kenya (CBK) will push for more reform
New CBK Board to Push for More Banking Reforms
AllAfrica.com / Posted 2 days ago
The incoming board of the Central Bank of Kenya (CBK) will push for more reforms and sound policies in the banking sector, chairman Mohammed Nyaoga has said. He said the panel, when fully constituted will in line with its legal mandate, put in place... Read more
2d
AllAfrica.com
Nairobi - 14 Marginalised Counties to Get Sh6 Billion Boostto come up with work plans and submit them before the Controller of Budget appr
Nairobi - 14 Marginalised Counties to Get Sh6 Billion Boost
AllAfrica.com / Posted 2 days ago
to come up with work plans and submit them before the Controller of Budget approves withdrawal of the money from the Central Bank of Kenya. An attempt to change the Constitution to have the money spent through constituencies is yet to be... Read more
4d
AllAfrica.com
CBK Governor Patrick Njoroge - a Portrait of Discipline, EfficiencyTen months ago, Kenyan Members of Parliament vetting Dr Patrick Njoroge for the
CBK Governor Patrick Njoroge - a Portrait of Discipline, Efficiency
AllAfrica.com / Posted 4 days ago
Ten months ago, Kenyan Members of Parliament vetting Dr Patrick Njoroge for the position of Central Bank of Kenya Governor, chose trivia over essentials, quizzing the Yale-educated economist about his bachelorhood and austere lifestyle. "Having... Read more
5d
AllAfrica.com
Central Bank Seizes Sh8 Billion From Chase Bank DirectorsThe Central Bank of Kenya has seized Sh8 billion from disgraced Chase Bank dire
Central Bank Seizes Sh8 Billion From Chase Bank Directors
AllAfrica.com / Posted 5 days ago
The Central Bank of Kenya has seized Sh8 billion from disgraced Chase Bank directors who awarded themselves hefty interest-free loans that brought down the mid-tier lender. Kenya's banking sector regulator on Thursday said it had confiscated all the... Read more
6d
AllAfrica.com
Mixed Bag of Fortunes as Chase Bank Opens Doors to Customersmy cheque book and I tried the Mfukoni app earlier in the day and its working,"
Mixed Bag of Fortunes as Chase Bank Opens Doors to Customers
AllAfrica.com / Posted 6 days ago
my cheque book and I tried the Mfukoni app earlier in the day and its working," said Mr Wachira, an investment banker. The Central Bank of Kenya on April 7, 2016 unexpectedly placed Chase Bank under receivership owing to liquidity problems created... Read more
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6d
AllAfrica.com
Chase Bank Reopens Branchesof new customers, international and domestic transfers were unavailable. Chase
Chase Bank Reopens Branches
AllAfrica.com / Posted 6 days ago
of new customers, international and domestic transfers were unavailable. Chase Bank was placed under receivership by the Central Bank of Kenya (CBK) three weeks ago following a run on deposits and has now been reopened under the management of the... Read more
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7d
AllAfrica.com
African Press Review 27 April 2016banks Business Daily has a very high-profile job posting in its headlines this
African Press Review 27 April 2016
AllAfrica.com / Posted 7 days ago
banks Business Daily has a very high-profile job posting in its headlines this morning. According to the paper, the Central Bank of Kenya (CBK) lacks a tech-savvy team to watch over the payment of loans. Speaking in parliament on Monday,... Read more
7d
AllAfrica.com
Chase Bank Revival for Future Referenceenough that the financial markets can be rescued from collapse through concerte
Chase Bank Revival for Future Reference
AllAfrica.com / Posted 7 days ago
enough that the financial markets can be rescued from collapse through concerted and timely actions by the regulator, the Central Bank of Kenya, and other interested parties, in this case the Kenya Commercial Bank. When the Central Bank closed... Read more
7d
AllAfrica.com
Uganda Remittances Hit Shs3.6 Trillionwas followed by Kenya with an 8.6 per cent increase, pushing its remittances to
Uganda Remittances Hit Shs3.6 Trillion
AllAfrica.com / Posted 7 days ago
was followed by Kenya with an 8.6 per cent increase, pushing its remittances to $1.54 billion (Shs5 trillion). The Central Bank of Kenya informed our sister newspaper, The East African that diaspora remittances rose from the previous year's... Read more
8d
AllAfrica.com
Why Big Banks May Not Cut Interest Rates Despite Increase in Depositstook off mounting pressure that had gathered steam since the beginning of the y
Why Big Banks May Not Cut Interest Rates Despite Increase in Deposits
AllAfrica.com / Posted 8 days ago
took off mounting pressure that had gathered steam since the beginning of the year for the lenders to lower their rates. Central Bank of Kenya (CBK) data shows that on average, banks have only marginally reduced borrowing rates. A bank overdraft... Read more
9d
AllAfrica.com
Regulator Faces Barrage of Suits Over Fallen BanksThe Central Bank of Kenya (CBK) has faced a litany of litigation in the past ni
Regulator Faces Barrage of Suits Over Fallen Banks
AllAfrica.com / Posted 9 days ago
The Central Bank of Kenya (CBK) has faced a litany of litigation in the past nine months as the new Governor, Dr Patrick Njoroge, comes down heavily on irregular activities in banks. The CBK has been involved in over six separate suits concerning... Read more
9d
AllAfrica.com
Diaspora Remittances to East Africa On the Riseof Uganda of a $233 million drop due to the tough economic environment the coun
Diaspora Remittances to East Africa On the Rise
AllAfrica.com / Posted 9 days ago
of Uganda of a $233 million drop due to the tough economic environment the country was facing at the time. Data from the Central Bank of Kenya shows diaspora remittances rose from the previous year's $1.41 billion, becoming Kenya's top... Read more
9d
AllAfrica.com
Chase Bank to Retain Identity, Acquisition Likely in Octoberput under receivership two weeks ago. The KCB Group hopes to have completed th
Chase Bank to Retain Identity, Acquisition Likely in October
AllAfrica.com / Posted 9 days ago
put under receivership two weeks ago. The KCB Group hopes to have completed the due diligence on Chase by this time. The Central Bank of Kenya announced that the bank would be opened on Wednesday, April 27, under the management of KCB and that... Read more
9d
AllAfrica.com
Chase Bank Shareholders, Foreign Interests May Have Had a Hand in Reopeningin Germany when the bank was placed under receivership two weeks ago. Then, for
Chase Bank Shareholders, Foreign Interests May Have Had a Hand in Reopening
AllAfrica.com / Posted 9 days ago
in Germany when the bank was placed under receivership two weeks ago. Then, for the first time since the Governor of the Central Bank of Kenya Dr Patrick Njoroge took office, the president spoke about his confidence in the Yale-trained... Read more
9d
AllAfrica.com
Kenyan Banks Assure Rwandans Money Is Safe After 'Nairobi Crisis'where in the past nine months three banks have been put under receivership, wit
Kenyan Banks Assure Rwandans Money Is Safe After 'Nairobi Crisis'
AllAfrica.com / Posted 9 days ago
where in the past nine months three banks have been put under receivership, with the latest being Chase Bank. Though the Central Bank of Kenya last week appointed KCB to manage Chase Bank and have it reopened on April 27, the bank's troubles are... Read more
9d
AllAfrica.com
Raila Heaps Scorn on Sh38 Billion Health Deal, Says Swelling Debt Is Too MuchMeru, Mr Odinga told the Ethics and Anti-Corruption Commission Chairman Philip
Raila Heaps Scorn on Sh38 Billion Health Deal, Says Swelling Debt Is Too Much
AllAfrica.com / Posted 9 days ago
Meru, Mr Odinga told the Ethics and Anti-Corruption Commission Chairman Philip Kinisu, who was present, to ensure that the Central Bank of Kenya Governor Patrick Njoroge revealed the whereabouts of the Eurobond funds. He reiterated that although... Read more
9d
AllAfrica.com
Family Bank Settles On Its New CEOlead the implementation of its growth plans. "The board has actually picked a
Family Bank Settles On Its New CEO
AllAfrica.com / Posted 9 days ago
lead the implementation of its growth plans. "The board has actually picked a CEO. We are just seeking approval from the Central Bank of Kenya. We expect a smooth handover. The transition is being handled very well," said Mr Kiboro, on the... Read more
9d
AllAfrica.com
So, Welcome Back, Chase BankOn Wednesday morning, the Governor of the Central Bank of Kenya announced that
So, Welcome Back, Chase Bank
AllAfrica.com / Posted 9 days ago
On Wednesday morning, the Governor of the Central Bank of Kenya announced that Chase Bank would soon reopen. The re-opening will be facilitated by KCB, and comes a day after unconfirmed reports that QNB of Qatar were ahead in the race to take over... Read more
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9d
AllAfrica.com
Internal Fraud Bleeds Banks Dryit serves Zenith Bank in UK, HFC Bank in Ghana; Swazi Bank, Commercial Bank of
Internal Fraud Bleeds Banks Dry
AllAfrica.com / Posted 9 days ago
it serves Zenith Bank in UK, HFC Bank in Ghana; Swazi Bank, Commercial Bank of Ethiopia; Central Bank of Nigeria. The Central Bank of Kenya has instructed bank auditors to probe financial statements as well as interrogate IT systems for risks.... Read more
9d
AllAfrica.com
Central Bank Governor Inspires Chase Bank StaffSuccess of the plan to re-open Chase Bank on Sunday roused Central Bank of Keny
Central Bank Governor Inspires Chase Bank Staff
AllAfrica.com / Posted 9 days ago
Success of the plan to re-open Chase Bank on Sunday roused Central Bank of Kenya Governor Patrick Njoroge to tweet motivation messages to the troubled bank staff and its new managers, KCB Bank. Chase Bank branches will open their doors on Wednesday... Read more
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12d
AllAfrica.com
There Is Hope Yet for Banks in Kenyayear, I am cautiously optimistic about Kenyan banking. I have every confidence
There Is Hope Yet for Banks in Kenya
AllAfrica.com / Posted 12 days ago
year, I am cautiously optimistic about Kenyan banking. I have every confidence in Dr Patrick Njoroge, the Governor of the Central Bank of Kenya. When Dr Njoroge emphasises that his office is independent and hence largely impervious to political... Read more
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12d
AllAfrica.com
Bankers to Kick Out Errant Membersthat the inter-bank exchange is already fraught with suspicion that has seen ba
Bankers to Kick Out Errant Members
AllAfrica.com / Posted 12 days ago
that the inter-bank exchange is already fraught with suspicion that has seen banks reduce lending to each other forcing the Central Bank of Kenya (CBK) to intervene. According to the latest CBK data, the number of deals between banks fell to an... Read more
12d
AllAfrica.com
KBA to Set New Self Regulatory Rules for Banks in Junethe recent shakeup in the financial sector which saw at least three banks colla
KBA to Set New Self Regulatory Rules for Banks in June
AllAfrica.com / Posted 12 days ago
the recent shakeup in the financial sector which saw at least three banks collapse. "Auditors have upped their game; the Central Bank of Kenya has stood tough; so even banks have to up their game. There is no room for lack of governance and... Read more
12d
AllAfrica.com
Chase Bank Re-Opens in a Week Under KCB ManagementNairobi — The Central Bank of Kenya (CBK) says Chase Bank will re-open on April
Chase Bank Re-Opens in a Week Under KCB Management
AllAfrica.com / Posted 12 days ago
Nairobi — The Central Bank of Kenya (CBK) says Chase Bank will re-open on April 27 under the management of KCB Group Limited. CBK Governor Patrick Njoroge on Wednesday indicated that depositors will be able to access up to Sh1 million and any new... Read more
4 related stories
12d
AllAfrica.com
KCB Acquires Chase Bank, Branches to Reopen in 7 DaysNairobi — The Central Bank of Kenya has settled on Kenya Commercial Bank's bid
KCB Acquires Chase Bank, Branches to Reopen in 7 Days
AllAfrica.com / Posted 12 days ago
Nairobi — The Central Bank of Kenya has settled on Kenya Commercial Bank's bid to acquire a majority stake in Chase Bank, with a promise of reopening the bank in a week's time. According to CBK Governor Dr. Patrick Njoroge, KCB scooped the bid from... Read more
4 related stories
13d
AllAfrica.com
Court Stops CBK, Imperial Bank From Paying Depositorsfollowing an application by Mombasa based billionaire Ashok Doshi and his wife
Court Stops CBK, Imperial Bank From Paying Depositors
AllAfrica.com / Posted 13 days ago
following an application by Mombasa based billionaire Ashok Doshi and his wife Amit. The two have sued Imperial Bank and Central Bank of Kenya. The scheme has been suspended pending hearing and determination of the application. In their suit... Read more
13d
AllAfrica.com
Chase Bank to ReopenChase Bank will be reopened next Wednesday after the Central Bank of Kenya agre
Chase Bank to Reopen
AllAfrica.com / Posted 13 days ago
Chase Bank will be reopened next Wednesday after the Central Bank of Kenya agreed with Kenya Commercial Bank (KCB) on modalities to bring the collapsed lender back on its feet. The Central Bank of Kenya and the Kenya Deposit Insurance Corporation... Read more
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13d
AllAfrica.com
Go Beyond Caps and Umbrellas in Agms, CBK Tells ShareholdersNairobi — The Central Bank of Kenya (CBK) Governor Patrick Njoroge has urged ba
Go Beyond Caps and Umbrellas in Agms, CBK Tells Shareholders
AllAfrica.com / Posted 13 days ago
Nairobi — The Central Bank of Kenya (CBK) Governor Patrick Njoroge has urged bank shareholders to query statements and governance of the institutions in a bid to keep them accountable. He says most Annual General Meetings' major discussions entail... Read more
15d
AllAfrica.com
Debt, Interest On Bonds Could Affect Chase, Imperial Bank Planned Revivalbondholders. Faced with a growing list of creditors with a charge over the fai
Debt, Interest On Bonds Could Affect Chase, Imperial Bank Planned Revival
AllAfrica.com / Posted 15 days ago
bondholders. Faced with a growing list of creditors with a charge over the failed banks' assets, the National Treasury, Central Bank of Kenya, Capital Markets Authority (CMA) and Nairobi Securities Exchange (NSE) are still seeking the most... Read more
15d
AllAfrica.com
Govt Goes for U.S.$600 Million Chinese Loan - Domestic Debt SurgesRedemption is when the government goes back to the market to get new debt to co
Govt Goes for U.S.$600 Million Chinese Loan - Domestic Debt Surges
AllAfrica.com / Posted 15 days ago
Redemption is when the government goes back to the market to get new debt to cover those that have matured. Data from the Central Bank of Kenya (CBK) shows that the country's domestic debt rose to $16.46 billion between February 26 and mid this... Read more
15d
AllAfrica.com
Local and Foreign Suitors Jostle to Buy Chase Bankraise the capital required to reopen the bank even as large lenders who have pl
Local and Foreign Suitors Jostle to Buy Chase Bank
AllAfrica.com / Posted 15 days ago
raise the capital required to reopen the bank even as large lenders who have placed bids wait to pounce on the offer. The Central Bank of Kenya on Friday announced that it had received more than five offers for the bank that, at the time of its... Read more
16d
AllAfrica.com
Rogue Bankers Are Fighting Back, Shield the CBK Governorclear rules, norms and values to secure the financial sector. They also put at
Rogue Bankers Are Fighting Back, Shield the CBK Governor
AllAfrica.com / Posted 16 days ago
clear rules, norms and values to secure the financial sector. They also put at risk the career of the new Governor of the Central Bank of Kenya (CBK), Dr Patrick Ngugi Njoroge. Kenya's ninth Central Bank Governor has the discipline, intellectual... Read more
16d
AllAfrica.com
Lenders in Need of Bail-Out Cash Given Strict Central Bank Rulesa loan, credit or a bailout. It is interest-free but CBK will be all over you i
Lenders in Need of Bail-Out Cash Given Strict Central Bank Rules
AllAfrica.com / Posted 16 days ago
a loan, credit or a bailout. It is interest-free but CBK will be all over you if you are provided with this support," the Central Bank of Kenya (CBK) Governor Patrick Njoroge told journalists on Friday. Banks will be required to present an action... Read more
16d
AllAfrica.com
Bloggers and Social Media Are Not to Blame for the Chase Bank Crisisin Kenya. In the past, bloggers have been arrested and detained on baseless cha
Bloggers and Social Media Are Not to Blame for the Chase Bank Crisis
AllAfrica.com / Posted 16 days ago
in Kenya. In the past, bloggers have been arrested and detained on baseless charges. The latest turn of events is the Central Bank of Kenya's allegation that bloggers are responsible for the collapse of one the country's banks. The continuous... Read more
16d
AllAfrica.com
Global Ratings Agency Praises Kenyan Regulator's Crackdown on Bankswhich should stabilise the banking sector. Chase Bank, Dubai Bank and Imperial
Global Ratings Agency Praises Kenyan Regulator's Crackdown on Banks
AllAfrica.com / Posted 16 days ago
which should stabilise the banking sector. Chase Bank, Dubai Bank and Imperial Bank have been put under receivership by Central Bank of Kenya (CBK) in the past nine months while National Bank of Kenya senior managers have been suspended... Read more
19d
AllAfrica.com
CBK Sets Tough Conditions for Banks Seeking Liquidity Support FacilityNairobi — The Central Bank of Kenya (CBK) has set tough conditions for banks se
CBK Sets Tough Conditions for Banks Seeking Liquidity Support Facility
AllAfrica.com / Posted 19 days ago
Nairobi — The Central Bank of Kenya (CBK) has set tough conditions for banks seeking the liquidity support facility it set aside last week. The facility was created to cushion banks experiencing liquidity pressure with the aim of restoring... Read more
19d
AllAfrica.com
Chase Bank Attracts Five Suitorsthe interest of at least five suitors keen on acquiring the bank that was place
Chase Bank Attracts Five Suitors
AllAfrica.com / Posted 19 days ago
the interest of at least five suitors keen on acquiring the bank that was placed under receivership last week, said the Central Bank of Kenya Governor Dr. Patrick Njoroge, on Friday. Although the Governor did not disclose the interested... Read more
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19d
AllAfrica.com
Five Suitors Lined Up to Buy Chase Bank, CBK SaysThe Central Bank of Kenya (CBK) has so far received five suitors wanting to buy
Five Suitors Lined Up to Buy Chase Bank, CBK Says
AllAfrica.com / Posted 19 days ago
The Central Bank of Kenya (CBK) has so far received five suitors wanting to buy the collapsed Chase Bank, the regulator's governor Patrick Njoroge said on Friday. "We have received upwards of five institutions, both local and foreign, wanting to buy... Read more
19d
AllAfrica.com
Tough Fresh Rules to Govern Kenya Banking Long OverdueI wondered why it took so long for a Bill on banking regulations to be brought
Tough Fresh Rules to Govern Kenya Banking Long Overdue
AllAfrica.com / Posted 19 days ago
I wondered why it took so long for a Bill on banking regulations to be brought before the House. One wonders whether the Central Bank of Kenya is fully operational, considering that it has no substantive board of directors for the governor to... Read more
20d
AllAfrica.com
Former CBK Boss Ndung'u Faces Probe Over Banking CrisisParliament Tuesday turned its guns on the past Central Bank of Kenya leadership
Former CBK Boss Ndung'u Faces Probe Over Banking Crisis
AllAfrica.com / Posted 20 days ago
Parliament Tuesday turned its guns on the past Central Bank of Kenya leadership with a demand that it should be investigated in the wake of massive fraud, poor governance and weak oversight that has seen three banks collapse in nine months. The... Read more
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20d
AllAfrica.com
Rogue Bank Managers Should Be Jailedlent himself Sh7.9 billion, mostly without security, eventually taking 118 per
Rogue Bank Managers Should Be Jailed
AllAfrica.com / Posted 20 days ago
lent himself Sh7.9 billion, mostly without security, eventually taking 118 per cent of the bank's core capital. The Central Bank of Kenya regulations say employees and directors may not borrow more than 25 per cent. "Dear Patrick Njoroge,... Read more
4 related stories
20d
AllAfrica.com
Imperial Bank Shareholders Denied Bid to Join Sh34 Billion Fraud Casesuspects in the Sh34 billion fraud. They also accused the KDIC of being compro
Imperial Bank Shareholders Denied Bid to Join Sh34 Billion Fraud Case
AllAfrica.com / Posted 20 days ago
suspects in the Sh34 billion fraud. They also accused the KDIC of being compromised because it was reluctant to pursue Central Bank of Kenya employees believed to be part of the fraud scam. FTI Consulting, in its report on Imperial Bank,... Read more
20d
AllAfrica.com
Why Banks Slumped in 2015 Performanceto a report by local business advisory firm, Mentoria Consulting, rising inflat
Why Banks Slumped in 2015 Performance
AllAfrica.com / Posted 20 days ago
to a report by local business advisory firm, Mentoria Consulting, rising inflation and a depreciating currency saw the Central Bank of Kenya increase its lending rate in an attempt to mop up excess liquidity from the market and subsequently... Read more
20d
AllAfrica.com
Stop Panic Bank Withdrawals, CBK Governor Urges Publicagainst rushing to transfer their deposits from 'small' to 'big' banks out of f
Stop Panic Bank Withdrawals, CBK Governor Urges Public
AllAfrica.com / Posted 20 days ago
against rushing to transfer their deposits from 'small' to 'big' banks out of fear they may collapse the Chase Bank way. Central bank of Kenya (CBK) Governor Patrick Njoroge says it was time depositors followed facts and desist from social media... Read more
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20d
AllAfrica.com
We Need Consolidation as Kenya is Over Banked - Rotichwithin the last few months due to unsound transactions causing bank customers t
We Need Consolidation as Kenya is Over Banked - Rotich
AllAfrica.com / Posted 20 days ago
within the last few months due to unsound transactions causing bank customers to panic over stability of their banks. Central bank of Kenya (CBK) Governor Patrick Njoroge has warned Kenyans against rushing to transfer their deposits from... Read more
21d
AllAfrica.com
Parliamentarians Propose Death Sentence for Economic Crimesboard of directors. "The Committee of Finance and Planning should leave whatev
Parliamentarians Propose Death Sentence for Economic Crimes
AllAfrica.com / Posted 21 days ago
board of directors. "The Committee of Finance and Planning should leave whatever else it is doing. You need to invite the Central Bank of Kenya to speak to the people's representatives, not through the media, to call the directors to speak to the... Read more
2 related stories
22d
AllAfrica.com
Kenya Should Remain in ICC to Deter Future Chaos, MP Sayssaid Mr Odinga broke the law since only the Head of State is allowed to make th
Kenya Should Remain in ICC to Deter Future Chaos, MP Says
AllAfrica.com / Posted 22 days ago
said Mr Odinga broke the law since only the Head of State is allowed to make the address. Mr Njagagua also called on the Central Bank of Kenya to tighten its supervisory instruments to weed out errant bankers who were carrying out illegal... Read more
22d
AllAfrica.com
Senators Want CBK Governor Patrick Njoroge Questioned Over Collapsed BanksSenators have asked the Director of Criminal Investigations to question Central
Senators Want CBK Governor Patrick Njoroge Questioned Over Collapsed Banks
AllAfrica.com / Posted 22 days ago
Senators have asked the Director of Criminal Investigations to question Central Bank of Kenya governor Patrick Njoroge and senior officials under him tasked with monitoring commercial banks saying it was not enough to only target directors of... Read more
4 related stories
23d
AllAfrica.com
Bailout Fund to Keep Troubled Banks AfloatBy Jeremiah Kiplang'at and Neville Otuki Central Bank of Kenya on Sunday annou
Bailout Fund to Keep Troubled Banks Afloat
AllAfrica.com / Posted 23 days ago
By Jeremiah Kiplang'at and Neville Otuki Central Bank of Kenya on Sunday announced an emergency bailout fund for banks in a strong push to calm the market and restore confidence in the banking sector. While acknowledging that last week's closure of... Read more
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