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CBK says banks to take full capital hit from 2019 loans
CBK governor Patrick Njoroge (right) with Kenya Bankers Association members Habil Olaka (left), Lamin Manjang (centre) and John Gachora. FILE PHOTO | NMG
Kenyan banks will take a full hit from provisions for new loans issued in 2019 and beyond after the Central Bank of Kenya (CBK) refined its capital waiver rules.
The banking sector regulator had earlier published draft guidelines, which proposed a five-year transition period during which incremental provisions may be added back to earnings for purposes of computing core capital.
