Country Manual Private Banking
Kenya
out of Bank’s Country of Establishment (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | Yes |
| Evolution of Expert’s Interpretation | No |
Regulatory Template, Regulatory Summary and Behaviour Template
Material changes
We have reviewed the documents following consultations with our local counsel and can confirm that there have been no major legislative changes affecting the Country Manual. The following developments should however be noted:
Following recent amendments to the Central Bank of Kenya Act, foreign lenders have been caught in a new definition of “credit providers” requiring them to be licensed in Kenya if they provide credit to a person in Kenya.
The High Court of Kenya has, in recent decisions, denied foreign companies the right to bring a claim in Kenyan courts because they were not registered in Kenya.
Non-material changes
Some comments and content have been streamlined and/or slightly reworded in the Country Manual, without introducing substantive changes.
BT Short Comparison
This document allows users to quickly identify the modifications made compared to the previous version of the PB Manual (BT Short Comparison). The BT Short Comparison can be found on BRP’s platform (mybrponline) in the Search tab by entering in the Document Field “CM PB BT SHORT COMP” and “KENYA” in the Target Country Field.
The BT Short Comparison should be read as follows:
The first column contains a short description of the activity in question. The second column contains the answers of the previous version of the Country Manual (online until the day of the alert). The third column contains the new answers of the most recent version of the Country Manual. Only the modified answers are displayed (in color). If the answers in the new version are unchanged compared to the previous version, they are shaded in grey.
For more information, please contact us: info@brpsa.com
Geneva, August 14th, 2025