The increase in part is motivated by the need to align our capital requirements with those of our partners in the EAC. Kenya will raise its minimum capital requirement to Ksh 1 billion, which is nearly $ million, by 2012. Other aspects of bank regulations will also need to be harmonised, including permissible activities, restrictions on loan concentrations and liquidity requirements.
Conclusion I have covered a lot of ground in this talk so I shall refrain from detaining you for much longer. I would like to finish with the following conclusions. I am convinced that the banking industry faces exciting challenges in the years ahead.