The Central Bank of Kenya (CBK) has fined UBA Kenya for breaching capital requirements. The lender failed to meet the 8% minimum core capital-to-deposit ratio following continued losses, the bank said.
UBA Kenya is among 12 commercial banks fined by the CBK for various regulatory breaches, as its core capital-to-deposit ratio fell sharply from 29.46% in 2022 to 7.92% in 2023 despite…
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