ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
54. Publication of audited financial statements
Edition: 2025-07-09 · In force
54. Publication of audited financial statements
(1)An institution which does not exhibit the last audited financial statements and the full and correct names of the officers of the institution in Kenya, throughout the year, in a conspicuous position in every office and branch in Kenya, and in conformity with the minimum financial disclosure requirements specified in the Central Bank of Kenya Prudential Guidelines on Publication of Financial Statements and Other Disclosures, commits a violation and is liable, upon assessment, to a penalty not exceeding five million shillings or three times the gross amount of the monetary gain made or loss avoided by the institution.(2)An institution which does not, within three months after the end of each financial year, publish the balance sheet and last audited income statements for that financial year in a newspaper with wide circulation, commits a violation and is liable, upon assessment, to a penalty not exceeding five million shillings or three times the gross amount of the monetary gain made or loss avoided by the institution.(3)An officer of an institution found liable for the violation in paragraph (1) or (2), commits a violation and is liable, upon assessment, to a penalty not exceeding two hundred and fifty thousand shillings.