CBK, Treasury differ on drive to create big banks

The Central Bank of Kenya (CBK) has differed with the Treasury on the proposed increase of commercial bank core capital to Sh5 billion, saying it would lead to rushed consolidations and make big banks more dominant.

Patrick Njoroge, the CBK governor, told Parliament to stop the proposed increase of bank capital from Sh1 billion to Sh5 billion in the next three years and instead push for smart regulation of banks.