Capital breach sets up Bank of Africa for new fundraising

A Bank of Africa Kenya branch in Nairobi. FILE PHOTO | NMG

Bank of Africa (BOA) Kenya capital ratios have fallen below the regulatory thresholds again, signalling the need for further capital injection to prop the lender’s funding base.

In the year ended December 31, 2022, the bank breached its core capital to total deposit liabilities ratio which slid below the recommended eight percent to 7.8 percent from a surplus of 9.2 percent last year.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.