The lender said in a statement that it had now resolved the concerns raised by the regulator last week Thursday.
CBK had halted Absa’s forex trading saying the lender breached “know your customer checks” in specific trades by failing to have satisfactory assurance of underlying commercial transactions.
Absa last week said it cancelled the suspect deals after CBK raised the alarm. The bank said the transactions were for global financial institutions, which the lender did not disclose.
The Kenya Shilling performed dismally against the dollar.
The Kenya Shilling against the dollar increased 0.0900 or 0.08% to 106.3000 on Thursday April 16 from 106.2100 in the previous trading session.
The Kenyan Shilling is expected to trade at 106.05 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 106.82 in 12 months time.
Kenyans Share Opinions As Absa Bank Responds To CBK
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