Rights issues, parents support as 10 banks plug Sh14.4bn funding hole

Guests at a Kenya bankers meeting at a Nairobi hotel on December 19, 2022.

Photo credit: File | Nation Media Group

For 27 licensed banks, New Year’s Eve will come and go as any other night.

But for about 10 banks, December 31, 2025 marks a crucial day as they are required to finalise capital boosting initiatives where each shall have a core capital of Sh3 billion or risk losing its Central Bank of Kenya (CBK) licence.

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