Commercial banks paid a record Sh191 million in fines to the Central Bank of Kenya (CBK) for breaches, including disregard of a rule that limit lending to a single borrower to no more than 25 percent of their core capital.
The lending limit rule, which is also known as the single obligor rule, was breached last year as the Kenya shilling weakened sharply, exposing the lenders' foreign currency-denominated loan books.
