ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
45. Non-maintenance of core capital to risk weighted assets ratio
Edition: 2025-07-09 · In force
45. Non-maintenance of core capital to risk weighted assets ratio
(1)An institution which does not maintain a minimum core capital to risk weighted assets ratio of ten-point-five percent, commits a violation and is liable, upon assessment, to a penalty not exceeding fifteen million shillings or three times the gross amount of the monetary gain made or loss avoided by the institution.(2)An officer of an institution found liable for the violation in paragraph (1), commits a violation and is liable, upon assessment, to a penalty not exceeding one million shillings.(3)An institution found liable for the violation in paragraph (1) and continues to commit the violation in paragraph (1), commits a violation and is liable, upon assessment, to a penalty not exceeding one hundred thousand shillings for each day, or part of each day, that the institution continues to commit the violation in paragraph (1).(4)An officer—(a)of an institution found liable for the violation in paragraph (3); and(b)found liable for the violation in paragraph (2),commits a violation and is liable, upon assessment, to a penalty not exceeding fifty thousand shillings for each day, or part of each day, that the institution continues to commit the violation in paragraph (1).