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Why banks have kept off M&As in core capital race
Kenya Bankers Association (KBA) Chief Executive Officer (CEO) Raimond Molenje makes his remarks during the release of the 2024 Banking Customer Satisfaction Report held at the Radisson Blu Hotel on February 12, 2025.
Mergers and acquisitions (M&A) are unlikely to be registered in the banking industry even as lenders race to beat a December 2025 deadline to ensure a minimum core capital threshold of Sh3 billion, a lobby has said.
At least 12 banks, mostly in the third tier, have been eyeing fresh capital all year to align with new requirements by the Central Bank of Kenya (CBK).
