CBK Governor Addresses Bank Mergers Before March Deadline

Bank mergers come with a number of implications, including potential loss of livelihoods for some individuals...

✨ Key Highlights

Central Bank of Kenya (CBK) Governor Kamau Thugge has publicly supported more bank mergers and acquisitions, stating they would boost competition, lending, and strengthen financial institutions. This announcement comes as banks prepare for the CBK's Risk-Based Credit Pricing (RBCP) framework by March 2026 and phased increases in minimum core capital requirements.

Governor Thugge stated that mergers would lead to "stronger banks, more competition and credit provision on a large basis."
The CBK welcomes mergers that adhere to due processes and regulatory requirements, though no new undisclosed mergers are currently known.
Historical mergers in Kenya have been driven by regulatory pressure, capital adequacy, and the need for operational efficiency amid increasing competition.

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