The Central Bank of Kenya is awaiting commercial banks' audit reports to determine if they all comply with the required minimum capital of Sh1 billion. The bank yesterday said the positions will be known after the annual external audits are finalised, which is expected by March. Some may have to capitalise their retained earnings to meet the enhanced minimum threshold. According to CBK four banks had by November not met the Sh1 billion target but had up to end of December to comply. It said the banks had provided capital build-up plans which were to enable them meet the deadline...
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