Guaranty Trust Bank is appealing a Sh33.18 million fine imposed by the Competition Authority of Kenya (CAK) over alleged false and misleading representations in its dealings with customer ASL Limited.

• The fine amounts to Sh33.18 million, with an additional direction to refund Sh13.21 million to ASL.
• Key organizations involved are Guaranty Trust Bank and the Competition Authority of Kenya (CAK), with the dispute originating from a complaint by ASL Limited.
• The dispute centers on alleged unfair treatment regarding the management and renewal of ASL's credit facilities, which dated back to their banking relationship starting in 2001.