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CBK Warns Kenyans Circulating False Information About Kenyan Banks

BY Soko Directory Team · November 13, 2024 09:11 pm

KEY POINTS

"CBK has not issued any press release, or other information with regard to the operation of the banking sector or any other element of its mandate. We thus advise the public to disregard any such purported information," the regulator added.

The Central Bank of Kenya (CBK) has warned Kenyans who have been spreading what the bank regulator calls “false information about the banking system” maintaining that the Kenyan banking system was stable and resilient.

In a statement on Wednesday, November 13, CBK stated that the Banking sector is stable and adequately capitalized, urging customers to transact as usual.

“The Central Bank of Kenya (CBK) is aware that malicious actors may attempt to circulate erroneous information online and other channels about the banking system. The banking sector in Kenya remains stable and resilient, and is adequately capitalized. All customers should continue transacting as normal,” CBK said.

Read Also: CBK Floods Another Treasury Bond Worth Ksh 15 Billion: Should Investors Go For It?

Here is the statement from CBK:

CBK

CBK asked members of the public to disregard any information about the sector unless it has issued a communication itself.

“CBK has not issued any press release, or other information with regard to the operation of the banking sector or any other element of its mandate. We thus advise the public to disregard any such purported information,” the regulator added.

Read Also: Evaluating CBK’s Recent Actions And Their Broad Economic Ripple Effects In Kenya

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