The Central Bank of Kenya (CBK) has fined Nigerian lender, Guaranty Trust Bank (GTBank) for breaching its regulations.
Ripples Nigeria discovered from GTBank financial report released on Friday that the lender was sanctioned for failing to comply with the CBK banking act 28/50 (1).
The bank was also penalised for failing to comply with the cash reserve requirement put in place by the Kenyan apex bank in 2022.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2024 All Rights Reserved | Curated and Powered by Nigeria DNA
