The Central Bank of Kenya (CBK) has identified seven commercial banks that have failed to meet the revised minimum core capital requirement of Sh3 billion.

• Seven banks are in violation of Section 7(1) of the Banking Act for not maintaining the minimum core capital.
• The Central Bank of Kenya (CBK), led by Governor Kamau Thugge, is progressively raising this requirement towards a target of Sh10 billion.
• Additionally, five banks breached other sections of the Banking Act related to capital adequacy ratios, with four failing the core capital to total risk-weighted assets ratio (10.5%) and three the core capital to total deposits ratio (8%).