Kenya: Higher Capital Requirements Will Spur Bank Mergers, Boost Capital – CBK

Nairobi — Central Bank of Kenya (CBK) Governor Kamau Thugge has supported the move to raise capital requirements for banks, stating that it will lead to mergers, create stronger financial institutions, and enhance regional influence.

Thugge emphasized that increasing capital buffers would not only improve individual banks’ stability but also help them manage emerging risks like cybersecurity threats.

“We hope that there will be mergers, and in our view, having stronger banks and a robust capital…