ADVOKS GLOBAL · KENYA
The Banking (Penalties) Regulations, 2025
69. Closing when it is not bank holiday or public holiday
Edition: 2025-07-09 · In force
69. Closing when it is not bank holiday or public holiday
(1)An institution or branch which remains closed on a day or part thereof which is not a bank holiday or public holiday, without the authorization of the Central Bank, commits a violation and is liable, upon assessment to a penalty not exceeding one 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 or branch found liable for the violation in paragraph (1), commits a violation and is liable, upon assessment, to a penalty not exceeding fifty thousand shillings.