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Why CBK has suspended licensing of commercial banks
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Central Bank of Kenya (CBK) has in a shock move slapped a moratorium on licensing new commercial banks throwing off balance the entry of Dubai Islamic Bank and the planned conversion of Unaitas Sacco. Dubai Islamic Bank (DIB) had received an approval “in principle” while awaiting the full licence. Staff hired by the Gu
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Central Bank of Kenya (CBK) has in a shock move slapped a moratorium on licensing new commercial banks throwing off balance the entry of Dubai Islamic Bank and the planned conversion of Unaitas Sacco. Dubai Islamic Bank (DIB) had received an approval “in principle” while awaiting the full licence. Staff hired by the Gu
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