The Central Bank of Kenya (CBK) will lift a decade-long moratorium on licensing new commercial banks on July 1, it said on Wednesday. The prohibition was imposed in 2015 against a backdrop of ...

The deal is scheduled to be presented at Access Bank’s next annual general meeting.The CBK notice stated:“It is notified for ...

The Central Bank of Kenya will lift its moratorium on licensing new banks from July 2025, requiring new entrants to have a minimum core capital of KSh10 billion.

Commercial banks must recapitalise, merge, or close, says new central bank governor Souaid prioritises small depositors in ...

Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S.

Karim Souaid says repayments will begin with small depositors, followed by medium-sized accounts, then larger depositors - ...

A country’s central bank rate (discount rate) is the rate at which commercial banks can borrow money from the central bank, in turn affecting borrowing costs across the country. The interest ...

The Reserve Bank of New Zealand lowered interest rates on Wednesday, making it one of the first central banks to respond to ...

The repo rate is the level at which the central bank lends to commercial banks, influencing borrowing costs. The RBI also ...

China’s central bank has tweaked the pricing for one-year loans to commercial lenders, a move seen as a fresh sign that it is loosening its monetary stance under a policy revamp. The change ...