Kenyan Banks May Turn to Shareholders to Comply With IFRS 9

Four top Kenyan banks will have to increase their loan loss provisions by Ksh36 billion ($360 million) under the new accounting regulations, which take effect in a week's time.

The Central Bank is expected to give bankers at least 12 months to build up their provisions to the required levels under the new regulations, known as IFRS 9.

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