June 2020 Digest – Ushering a New Regulatory Regime
The Regulations have made Risk-Based Pricing mandatory for banks and other lenders to use a customer’s credit score when appraising a credit application and in determining the interest rate to charge. CIS Kenya and CARE Risk Solutions, India organised an interactive knowledge session on Internal Credit Rating and Risk Based Pricing on 19th May 2020. Across the world, people are being asked to stay at home and practice social distancing, to stop the spread of the COVID-19 virus. We will also feature an article on how on financial institutions can mitigate on NPLs. Download …
Remarks by the Chairman of AKCP at AKCP’s 5 year Strategic Plan Launch
REMARKS BY MR. CHARLES RINGERA, CHAIRMAN OF THE ASSOCIATION OF KENYA CREDIT PROVIDERS (AKCP) AT THE LAUNCH OF AKCP’S 5-YEAR STRATEGIC PLAN ON 27TH OCTOBER 2014 AKCP Strategic Plan launch – Chairman’s Speech- Charles Ringera.pdf …
The Sacco Societies (Amendment) Bill, 2018
The Sacco Societies (Amendment) Bill, 2018 was gazetted on 19th January 2018 for placement before the National Assembly. The objective of this Bill is to amend the Sacco Societies Act, 2008, to provide for the registration and licensing of Sacco societies as deposit-taking savings and credit co-operatives. The Bill further expands the current credit information sharing mechanism to include Sacco societies with other licensed financial institutions. This is intended to align the Act with the Banking Act, the Microfinance Act, 2008, thus bringing credit information sharing under a single regulatory framework. Under the proposed amendment, Sacco societies will be mandated to …
CBK Governor Speech at AKCP 5 Year Strategic Plan Launch
Remarks by Prof. Njunguna Ndung’u The Governor Central Bank of Kenya at AKCP 5 Year Strategic Plan Launch CBK Governor Speech – Launch of AKCP Strategic Plan-27th October 2014.pdf …