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Originally published by Citizen DigitalFebruary 24, 2026
2h ago
GT Bank appeals CAK order after regulator cites misleading representation
In a statement, the bank said the matter is now sub judice and it would therefore be inappropriate to comment extensively while it is pending before the tribunal...
✨ Key Highlights
Guaranty Trust Bank Kenya is appealing a Competition Authority of Kenya (CAK) order to pay a penalty of Sh33.18 million for alleged misleading representation and unconscionable conduct towards ASL Limited.
- GT Bank is appealing the CAK's finding that it engaged in false or misleading representation.
- Guaranty Trust Bank Kenya is the bank involved.
- The dispute centers on the handling of ASL Limited's credit facilities and resulted in a penalty and order for a refund of Sh13,211,285.
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