out of curiosity does anyone know if is unaitas entering the banking field as a fully fledged bank or will enter as a micro finance bank,

what if the cat survives lol , it will still be curious , lol

If confirmed, he plans to seek answers from CBK officials who recommended to the Treasury the steep increase in the minimum bank capitalisation requirement as outlined by Treasury secretary Henry Rotich in last week’s budget speech.

“It will be my first question to people in CBK who proposed to raise the minimum capital. This means it will force some consolidations. The small banks may have niches they are servicing. Once consolidated then big banks may not be interested in serving those niches,” he said.

Yes it does!!!

And the reasoning that at current minimum capitalization, some banks cannot be able to lend to big borrowers e.g. for infrastructure development does not hold any water!!! Who said they are interested in loaning to such borrowers. They might be very comfortable lending less than 250 million per borrower.

Next we will ban boda bodas because they cannot carry momos!!! Or we raise the minimum cc to 500!!!

Anyone have the actual document (wording) from CBK? I thought "implementing gradually" means that anyone already in the pipeline gets grandfathered in and only new entrants would be required to raise the 5B from the get go? Ama?