The Central Bank of Kenya (CBK) has fined 12 banks for breaching lending and investment rules.
- The banks were found to have engaged in irregularities in their lending and investment practices.
- The CBK took action to enforce regulatory compliance and maintain stability in the financial sector.
- The fines were imposed after an investigation revealed violations of banking regulations.
- The CBK has not disclosed the names of the affected banks or the amount of the fines.
- The regulator has reiterated its commitment to ensuring adherence to banking laws and regulations.
- The move aims to protect depositors’ interests and maintain public trust in the banking system.