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CBK Imposes Cash Ratio Requirement on Microfinance Banks

PAT

Deposit-taking microfinance institutions will now be required to hold cash with the Central Bank of Kenya (CBK) proportionate to their deposit base following a change of law.

The microfinance banks currently observe capital adequacy and liquidity ratios similar to banks.

For more on this story visit the following link: CBK Imposes Cash Ratio Requirement on Microfinance Banks

Source: Business Daily

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