CBK fines slapped on banks, forex bureaus now hit Sh93 million

Latest CBK disclosures show that penalties rose from Sh59 million a year earlier, although they remained below the Sh191 million recorded in 2024.

Photo credit: Pool

The Central Bank of Kenya (CBK) penalties imposed on commercial banks and foreign exchange bureaus rose 57.6 percent to Sh93 million in the year ended June 2026, coinciding with the period when the regulator tightened sanctions for breaches of banking rules.

Latest CBK disclosures show that penalties rose from Sh59 million a year earlier, although they remained below the Sh191 million recorded in 2024. The CBK did not disclose the identity of the banks it fined.

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