Tag: Banks

Switching banks in Kenya is a manual process that requires customers to handle all steps themselves, as there is no ...

Since its launch in 2007, M-PESA has transformed how Kenyans send and receive money, making transactions fast, secure, and accessible ...

Kenyan commercial banks are required to meet an interim minimum core capital of Ksh 3 billion by the end of ...

Since August 2024, the Central Bank of Kenya (CBK) has progressively cut the Central Bank Rate (CBR) severally and rolled ...

The Unclaimed Financial Assets Authority (UFAA) has explained how assets become unclaimed, just a day after 20 companies were fined ...

Kenyan banks contributed Ksh194.81 billion in taxes in 2024, representing 8.09% of the government’s total revenue, according to the Total ...

The Central Bank of Kenya (CBK) has lowered its lending rate (CBR) by 25 basis points, bringing it down to ...

The Central Bank of Kenya (CBK) has released its latest data on the average interest rates of commercial banks for ...

Kenyan banks have lost more than Ksh1.5 billion to hackers in cyber and technology-related fraud, according to the Central Bank ...

11 commercial banks in Kenya risk losing their licenses unless they raise a combined Ksh15 billion in core capital by ...

Hello, this is Jason. Welcome to today’s edition of The Business Roundup, where we bring you the latest updates on ...

All commercial banks in Kenya will be expected to implement the new proposed banking sector Risk-Based Credit Pricing (RBCP) model, ...

The top 10 banks in Kenya are controlling more than three-quarters of the market, according to the Central Bank of ...

The Central Bank of Kenya (CBK) has fined 11 commercial banks and forex bureaus a combined Ksh191 million for violating ...

The Kenya Bankers Association (KBA) is calling on the Central Bank of Kenya (CBK) to lower the Central Bank Rate ...

President William Ruto has called out the banking sector over high interest rates, questioning why lending costs remain steep despite ...

The Central Bank of Kenya (CBK) has announced a new lending framework requiring all banks to use the interbank rate ...

Kenyan commercial banks have backed a Ksh19.3 billion ($150 million) financing deal to accelerate the rollout of off-grid solar energy ...

Kenya’s banking sector has sounded an alarm over an informal money transfer system that moves billions across borders, without a ...

Kenyans travelling out of the country can now carry a maximum of Ksh1.9 million (approximately USD 15,000) in physical cash, ...

Banks in Kenya are physically transporting large amounts of cash across borders, with the United Kingdom, South Sudan, and the ...

SBM Bank Kenya is a leading financial institution in Kenya, with its headquarters in Mauritius. The bank is regulated by ...

The Central Bank of Kenya (CBK) has revealed that Kenyan banks are set to increase their workforce in 2025, with ...

Kenyans are set to enjoy cheaper bank loans following a decision by the Central Bank of Kenya (CBK) to lower ...

Equity Bank Kenya Limited is a Nairobi-based financial institution offering retail and commercial banking services.  The bank is a company ...

The Central Bank of Kenya (CBK) has denied claims that it is quietly reintroducing interest rate caps through its proposed ...

The government will engage the Central Bank of Kenya (CBK), commercial banks, and all players in the banking sector to ...

The Central Bank of Kenya (CBK) has announced the average commercial bank lending interest rates for March 2025. In a ...

I&M Bank customers should brace for higher banking costs as the lender plans to implement revised service tariffs effective May ...

Kenyans to enjoy cheaper loans following a reduction in lending rates by the National Commercial Bank of Africa (NCBA). In ...