12 banks face merger over Sh20b capital crunch

Up to 12 Kenyan banks are facing potential mergers, acquisitions, or collapse unless they raise a collective Sh19.8 billion in capital by year-end. This warning comes from a new Central Bank of Kenya (CBK) report, marking a significant threat to the country's banking industry.

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12 banks face merger or wind up over Sh20b capital crunch

Up to 12 Kenyan banks face potential mergers, acquisitions, or collapse unless they collectively raise Sh19.8 billion in capital by year-end, according to a recent report by the Central Bank of Kenya (CBK). This warning signals the most significant threat to the country’s banking sector since the failures of Imperial Bank and Chase Bank in 2015-2016.