The Central Bank of Kenya (CBK) said on Monday it would process requests for licences by two new banks, ending a moratorium it put in place in 2015 on licensing new commercial banks. The central bank said in a statement that DIB Bank Kenya and Mayfair Bank Kenya had received "approval in principle" before the 2015 suspension of licensing. The CBK announced its intention to finalise the processing of licence applications for the two banks. DIB Bank Kenya is wholly owned by Dubai Islamic Bank (DIB), which operates according to Islamic principles. Mayfair Bank is owned by Kenyan investors.

Du. Isl. Bank (DU) : AED5.52 as of 13 Mar. 2017, Rating: Neutral, TP: AED6.50/share, MCap: USD7,433mn, DIB UH/DISB