ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
48. Non-maintenance of minimum core capital to total risk weighted assets ratio
Edition: 2025-07-09 · In force
48. Non-maintenance of minimum core capital to total risk weighted assets ratio
(1)A non-operating holding company or vehicle of ownership of a group, which does not maintain a minimum core capital to total 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 non-operating holding company or vehicle of ownership of a group.(2)A non-operating holding company or vehicle of ownership of a group, 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 non-operating holding company or vehicle of ownership of a group, continues to commit the violation in paragraph (1).