Consolidated and Credit Bank breach insider loans rule

Consolidated Bank of Kenya and Credit Bank have lent their directors and employees amounts exceeding their core capital, breaching the Central Bank of Kenya's (CBK) insider lending rules. As of March 2026, state-owned Consolidated Bank had lent Sh436.7 million to its employees despite having a negative core capital of Sh541.1 million. Credit Bank, linked to the family of late politician Simeon Nyachae, had insider loans of Sh1.37 billion against a core capital of Sh1.36 billion. The two banks face penalties of up to Sh20 million and are among four lenders operating below the regulatory minimum core capital of Sh3 billion.