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Guaranty Trust Bank Kenya Limited has filed an appeal challenging the Ksh 33 million fine imposed by the Competition Authority of Kenya (CAK)
Business News
GT Bank Appeals Ksh 33 Million CAK Fine
Nancy Osumba February 24, 2026

Guaranty Trust Bank (Kenya) Limited (GT Bank) has confirmed the receipt of a recent decision issued by the Competition Authority of Kenya (CAK) on January 29,  2026, arising from a complaint made by ASL Limited in relation to the management of its credit facilities with The Bank. In a statement, GT Bank stated that it

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CAK has ordered GT Bank Kenya Limited (GT Bank) to refund ASL Limited (ASL) Ksh 13 million. PHOTO/ Business Today.
Business News
CAK Slaps GT Bank with Ksh 33 Million Fine for Misleading ASL Limited
Reagan Odongo February 24, 2026

The Competition Authority of Kenya (CAK) has ordered Guaranty Trust Bank Kenya Limited to pay a penalty of Ksh 33,180,000 for engaging in false and misleading representations and unconscionable conduct against its customer, ASL Limited, contrary to the Competition Act. Additionally, the Authority has ordered GT Bank Kenya Limited (GT Bank) to refund ASL Limited

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