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24 Feb 2026

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CAKCAK competition determinations24 Feb 2026
CAK decision in the matter between ASL Limited and guaranty trust (GT) Bank Kenya Limited regarding misleading representation and unconsionable conduct
The Authority ordered Guaranty Trust Bank Kenya Limited to pay a pecuniary penalty of KES 33,180,000.00 and refund ASL Limited KES 13,211,285, after determining that GT Bank violated section 55(a)(ii) on false or misleading representation and section 57(1) on unconscionable conduct.
Entities
ASL Limited GT Bank Kenya Limited Guaranty Trust Bank Kenya Limited I&M Bank