CBK denies claims of imminent closure of Kenyan banks
The Central Bank of Kenya has denied that certain Kenyan banks are on the brink of collapse, contrary to reports that have been doing the rounds on social media.
The widely circulated message on the social media claims that Treasury Cabinet Secretary Henry Rotich has threatened to close banks that do not meet a certain threshold.
However, in a statement on Wednesday, the Governor of Central Bank Dr Patrick Njoroge refuted these claims.
“It has come to the attention of the CBK that there is erroneous information circulating in the social media purporting to identify banks that have failed to meet ‘certain thresholds’,” Dr Njoroge said.
“CBK wishes to assure the financial markets and members of the public that this information and the allegations therein are false,” he added.
SAFE AND ROBUST
Dr Njoroge further gave assurance to the public that Kenya’s banking sector remains safe and robust.
“CBK will continue to oversee the banking sector and work with the Kenya Bankers Association (KBA) to ensure that it provides appropriate support and information to avert any speculation that may undermine market confidence,” he said.
The CBK statement was addressed to all Chief Executives of Commercial and Micro Finance Banks. The statement also shed light about Imperial Bank Limited which is in receivership.
Some of the bans which the rumour on social media claimed faced imminent closure include, African Banking Corporation Ltd, Credit Bank Ltd, Consolidated Bank of Kenya Ltd, Charterhouse Bank Ltd and Giro Commercial Bank Ltd.
Other are:
Habib Bank Ltd
Habib Bank A.G Zurich
Jamii Bora Bank Limited
K-Rep Bank Ltd
Middle East Bank (K) Ltd
Oriental Commercial Bank Ltd
Paramount Universal Bank Ltd
Trans-National Bank Ltd
UBA Kenya Bank Limited
Victoria Commercial Bank Ltd
Dubai Bank Kenya Ltd
Development Bank of Kenya Ltd
Equatorial Commercial Bank Ltd
First community Bank Limited
Fina Bank Ltd
Fidelity Commercial Bank Ltd
Gulf African Bank Limited
