September 12, 2018 / 12:59 PM / a month ago

Kenyan central bank fines five banks a total of $3.89 mln

NAIROBI, Sept 12 (Reuters) - Kenya’s central bank said on Wednesday it had fined five commercial banks a total of 392.5 million shillings ($3.89 million) in connection with the loss of funds at the national youth agency, a government body.

The five banks are Standard Chartered Kenya, Equity, Diamond Trust, Co-operative Bank and KCB Group, the central bank said.

$1 = 100.8000 Kenyan shillings Reporting by Duncan Miriri Editing by Ingrid Melander

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