The Central Bank of Kenya (CBK) has disclosed that 11 commercial banks violated banking laws and prudential guidelines as of December last year, primarily due to over-concentrating lending to single clients and capital shortfalls.

• Nine commercial banks breached Section 10 (1) of the Banking Act by exceeding the 25 per cent single obligor limit of core capital.
• The CBK did not disclose the names of the banks involved in the violations.
• Three banks failed to meet the minimum core capital requirement of Ksh1 billion.