New higher core capital requirement beneficial to banks and economy

A banking hall. Higher capital will enable banks to absorb potential losses.

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Full, timely and consistent implementation of Basel III requirements on capital is fundamental to establishing a sound and efficiently functioning Kenyan banking system that is able to support sustainable economic growth.

The Basel III accord is a set of financial reforms formulated by the Basel Committee on Banking Supervision with the aim of strengthening regulation, supervision, and risk management within the banking industry.

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