Nairobi 23rd June 2022 -The Kenya Bankers Association (KBA) membership has today re-elected NCBA Bank Managing Director and CEO John Gachora and Family Bank Chief Executive Officer Rebecca Mbithi as the advocacy group's Chairman and Vice Chair, respectively, for the period 2022 to 2023.
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Nairobi 18th June 2022 -Increase in house prices slowed down in 2021 from a strong uptick recorded during the last quarter of 2020. Data from the Kenya Bankers Association Housing Price Index (KBA-HPI) Report indicates that house prices on average went down by 1.82 percent in the first quarter of 2021, overturning the marginal recovery of 0.22 percent recorded in the fourth quarter of 2020.
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Nairobi 28th May 2022 - Choice Microfinance Bank has been admitted to the Kenya Bankers Association (KBA), raising KBA's membership to 39 commercial banks and seven microfinance banks. Currently, the industry's umbrella body and financial sector advocacy group - representing total assets more than Ksh 6 trillion (USD 60 billion) - has 46 members.
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Nairobi 4th May 2022 - Consumer education will play a central role in addressing emerging security challenges. During the launch of the Kaa Chonjo! (Be Alert!) card, mobile and online safety awareness campaign held today, players in the financial, payments and retail sectors highlighted the importance of continuing to empower the public with information on fraud prevention.
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Nairobi 5th April 2022 - Kenya Bankers Association (KBA), the banking industry's umbrella body and the financial sector's leading advocacy group representing total assets in excess of Ksh 6 trillion (USD 60 billion) has announced that Salaam Microfinance Bank has joined its membership, bringing its total membership to 47 banks.
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Nairobi 1st March 2022 - Kenya Bankers Association (KBA), the leading financial sector advocacy group, has entered a partnership with GIZ that seeks to enhance access to finance for farmers and agri-business enterprises. The collaboration will facilitate capacity building among lenders, aiding them to gain deeper insights on specific green technology financing....
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Nairobi 17th February 2022 - Mobile Applications (Apps) topped bank customers' preferences in 2021, reinforcing a sustained uptake of contactless banking solutions that gained fresh traction in 2020 following the Covid-19 pandemic. According to the Banking Industry Customer Satisfaction Survey (2021), the preference for Apps was driven by the introduction of versatile banking software by various financial service providers, taking over functions that were previously conducted via mobile and Internet banking platforms.
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Nairobi 11th February 2022 - Banking industry umbrella body Kenya Bankers Association (KBA) has appointed Christine Onyango as Director of Communications and Public Affairs, taking over from Nuru Mugambi who has since transitioned from the Association to pursue graduate studies.
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Nairobi 1st December 2021 - Stakeholders drawn from various sectors of the economy will this year mark the International Day of Persons with Disabilities with the launch of a banking industry online platform that has been designed to train bank employees on bank-environment Kenyan Sign Language (KSL) vocabulary.
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Nairobi 18th October 2021 - Leading financial sector advocacy group Kenya Bankers Association (KBA) has entered a partnership with Financial Sector Deepening Trust (FSD Kenya) and software engineering firm Deaf eLimu Plus to create the first bank-environment Kenyan Sign Language (KSL) self-training mobile Application. The solution will be the first of its kind in Africa.
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Nairobi 24th September 2021 - The banking sector will continue to play a key role in steering economic recovery in the wake of adverse economic effects occasioned by the COVID-19 pandemic. Speaking during the third and final day of the Kenya Bankers Association Annual Banking Research Conference, KBA Vice Chair Ms. Rebecca Mbithi noted that following the recent economic downturn the banking sector is now best placed to take centre-stage and steer economic recovery.
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Nairobi 22nd September 2021 - The 10th edition of the Kenya Bankers Association Annual Banking Research Conference kicked off today with papers that explored opportunities to enhance the banking industry's role in supporting economic recovery in light of the COVID-19 disruption. Research papers presented during the opening session this morning focused on the impact of the pandemic on risk assessment, highlighting opportunities towards supporting further credit growth in the wake of the pandemic.
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Nairobi 2nd September 2021 - The banking industry contributed 27 percent of all corporate taxes paid in Kenya in 2020 even as the adverse impact of the COVID-19 pandemic caused a 12 percent overall decline in their contribution to the exchequer compared to the year 2017 to 2018. A new report compiled by audit firm PricewaterhouseCoopers (PwC) on behalf of the Kenya Bankers Association attributes the reduction to lower tax contributions through direct tax costs and the industry's remittances through Pay As You Earn collections.
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Nairobi 23rd August 2021 - The banking industry has successfully concluded its union negotiations for the 2020 to 2023 period, providing enhanced terms and conditions covering over 20,000 unionisable employees within the industry. Under the agreement, the unionisable employees will get a four percent salary increment for the year 2020 and a further three percent pay rise for the current year 2021.
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Nairobi 27th July 2021 - The banking industry in Kenya remains sound and stable despite being buffeted by the effects of the Coronavirus (COVID-19) pandemic. Overall profitability and contributions to the national budget declined to a nine-year low in 2020 on the back of the COVID-19's negative impact on the economy, particularly the trade....
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Nairobi 29th June 2021 - ICT and Agriculture are the leading host sectors for Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya, the 2021 MSMEs Survey Report shows. The report, released today, also ranks manufacturing and construction among the dominant hubs for the enterprises that collectively create an estimated 15 million employment opportunities in the economy.
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Nairobi 24th June 2021 - Members of the banking industry's advocacy organization Kenya Bankers Association (KBA) have today elected NCBA Bank Managing Director and CEO John Gachora and Family Bank Chief Executive Officer Rebecca Mbithi as the incoming Chairperson and Vice Chairperson, respectively, for the period 2021 to 2022. Mr. Gachora, who previously served as Vice Chairperson, takes over from Mr. Joshua Oigara, who chaired the KBA Governing Council for the past three years.
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Nairobi 4th May 2021 - As Kenya embraces the digital economy, protecting the integrity of electronic and digital systems is paramount, with experts calling for enhanced public sensitization on digital vulnerabilities, which have increased due to the entrenched use of contactless financial services.
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Nairobi 23rd March 2021 - As the climate debate rages on with no signs of the associated risks abating, 85.7 per cent of banks in Kenya have reported that their credit policies ensure responsible and sustainable lending practices, according to the 2020 State of Sustainable Finance in Kenya's Banking Industry Report.
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Nairobi 11th March 2021 - House prices have signalled a shift to the positive terrirory after recording a 0.22 percent rise in the fourth quarter of 2020. The latest Kenya Bankers Association House Price Index (KBA-HPI) shows that house prices depicted a recovery after seven quarters of contraction. The uptick in the House Price Index signals stabilising market prices, which largely reflect an outcome of the demand and supply dynamics in the market.
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Nairobi 21st January 2021 - Most bank clients preferred using fully automated platforms while accessing banking services in 2020, according to the Kenya Bankers Association (KBA) Customer Satisfaction Survey (2020). The report indicates that bank clients opted for contactless banking channels to reduce the possibility of infection with the Coronavirus Disease (COVID-19) through currency and bank branch visits.
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Nairobi 15th January 2021 - Integrated Payment Services Limited (IPSL), the subsidiary of Kenya Bankers Association (KBA) that operates the banking industry's instant payment service PesaLink, has announced the appointment of Gituku Kirika as Chief Executive Officer. Gituku takes over from Agnes Gathaiya. Over 6 million Kenyans have moved in excess of Ksh 200 billion across the 25 plus participating banks since PesaLink was launched by IPSL and KBA in 2017.
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Nairobi 14th December 2020 - Kenya Bankers Association (KBA) announced today that Dr. Samuel Tiriongo (PhD) has joined the banking industry umbrella body as Director of Research and Policy, replacing Mr. Jared Osoro who has taken up another opportunity. Dr. Tiriongo joins KBA from the Central Bank of Kenya, where he had served as economist for more than 13 years, out of which he was attached to the Secretariat of the Monetary Policy Committee (MPC) for 11 years.
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Nairobi 2nd December 2020 - The Kenya banking sector has today reaffirmed its commitment to enhance service delivery for Persons living With Disabilities (PWDs) as part of its long-term strategic objective to entrench financial services across the country. This follows the official release of the Persons With Disabilities (PWD) Pilot Project Report by the Central Bank of Kenya Governor, Dr. Patrick Njoroge, today during a virtual event that brought together banking industry players and partners.
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Nairobi 23rd November 2020 - The Kenya Bankers Association (KBA) and the Kenya Climate Innovation Centre (KCIC) have today signed a Memorandum of Understanding aimed at advancing the green finance agenda in Kenya. Through the agreement, the partners will seek to promote the growth of large and small enterprises by leveraging on climate change innovations and research.
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Nairobi 9th November 2020 - The rate of house prices growth in the third quarter of 2020 remained in the negative territory registering a 0.08 percent contraction compared to the 0.20 percent reported in the second quarter of the year.
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Nairobi 23rd September 2020 - The Kenya Bankers Association's 9th Annual Banking Research Conference kicked off today with papers that shared a wide range of insights on how the banking industry's structure - along with the behavioural dynamics of non-financial economic agents expectations - influence credit pricing in the economy within the current regulatory environment.
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Nairobi 31st August 2020 - The Kenya Bankers Association (KBA) is set to convene the Africa Regional e-Conference for Leading Women in Banking and Finance from 15th to 16th October 2020. The virtual summit will bring together senior women officials from more than 10 countries. The online event will enable networking, exchange of ideas, and inevitably promote gender diversity in leadership.
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Nairobi 25th August 2020 - The banking industry is poised to withstand market shocks induced by the Coronavirus disease (COVID-19) pandemic even as the economy grapples with a market environment characterized by constrained supply and demand. According to the Kenya Bankers Association's (KBA) State of the Banking Industry (SBI) Report 2020, banks are sufficiently capitalized to weather shocks arising from the prevailing economic slowdown without triggering instability in the financial system.
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Nairobi 24th August 2020 - Kenya Bankers Association (KBA), the banking industry's umbrella body and financial sector's lead advocacy group representing total assets in excess of Ksh 4.8 trillion (USD 48 billion) has announced that Caritas Microfinance Bank has joined its membership, bringing its total membership to 47 banks.
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Nairobi 10th August 2020 - The Kenya Bankers Association has partnered with the Financial Sector Deepening Trust (FSD Kenya), non-profit inABLE and Georgia Institute of Technology in a programme to promote access to financial services for Persons With Disabilities (PWDs). The initiative, whose pilot phase kicked off this month, aims to identify major accessibility challenges PWDs face while using banking service channels.
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Nairobi 10th August 2020 - The growth of house prices remained in the negative territory during the second quarter of 2020, with signs of recovery following the sharp decline recorded in 2019. The latest Kenya Bankers Association House Price Index (KBA-HPI) shows that house prices in the quarter contracted by 0.20 percent compared to the 0.51 percent reduction reported during the first quarter.
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Nairobi 26th June 2020 - The Kenya Bankers Association (KBA) member banks during the Association's 58th Annual General Meeting re-elected KCB Group CEO Mr. Joshua Oigara as the Association's Governing Council Chairperson for the period 2020/2021. NCBA Group Managing Director Mr. John Gachora was also re-elected as the Council's Vice Chairperson.
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Nairobi 26th May 2020 - The price of houses continued to decline in the first quarter of 2020 in a trend compounded by constrained ability of potential buyers to afford homes currently on offer in the market, according to the Kenya Bankers Association House Price Index (KBA-HPI).
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Nairobi 11th May 2020 - The banking industry anticipates a business decline this year as the Coronavirus Disease (COVID-19) continues to affect economic activity across sectors. According to a new survey by the Kenya Bankers Association (KBA), close to 94 percent of banks expect a significantly slowed economic growth, which will in turn negatively affect customers both at household and commercial levels.
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Nairobi 28th April 2020 - Stakeholders in the financial, payments and online services sector have today launched a public awareness campaign designed to educate consumers on measures of preventing fraud across channels as the country makes efforts to contain the Coronavirus disease.
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Nairobi 19th March 2020 - The banking industry through the Kenya Bankers Association (KBA) has adopted Guidelines towards ensuring the safety and security of bank customers, employees and other stakeholders during this unprecedented time when the country responds to the Coronavirus Disease (COVID-19). These standards are informed by global best practice and have been developed in consultation with Ministry of Health and Amref Health Africa (Amref) to ensure the wellbeing of Kenyans.
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Nairobi 27th February 2020 - Most bank customers are satisfied with the quality of services being offered by the banking industry. According to this year's edition of the Kenya Bankers Association (KBA) Customer Service Satisfaction Survey, bank clients rated their satisfaction level at 83 percent based on banks' responsiveness and service quality.
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Nairobi 7th February 2020 - The Kenya Bankers Association interactive session #CEOchat kicked off today with an edifying dicusssion hosted by I&M Bank CEO and KBA Governing Council member Mr. Kihara Maina. Focused on "Factors that Influence Personal Credit Scores and Household Borrowing", the discussion delved into ways prospective borrowers can enhance their access to bank credit.
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Nairobi 3rd February 2020 - House prices maintained a downward trend in the fourth quarter of 2019, pointing to an overall softening of demand in the housing market. The decline has been driven by tight credit market conditions on the back of elevated non-performing loans in the real estate and construction sectors.
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Nairobi 25th November 2019 - House prices remained in the negative territory during the third quarter of 2019, in what the latest Kenya Bankers Association House Price Index (KBA-HPI) has attributed to supply-demand imbalances, characterized by weaknesses in both the supply and demand side with a slant towards weaker demand.
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Nairobi 15th November 2019 - Cooperative Bank has once again been announced as this year's overall winner of the Sustainable Finance Initiative Catalyst Awards for financial service providers. An independent judging panel placed Equity Bank Group second overall position and KWFT in the third position.
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Nairobi 6th November 2019 - The Kenya banking sector, under the ambit of the Kenya Bankers Association, has unveiled a credit platform for Micro- Small and Medium-sized Enterprises (MSMEs) at the sector's inaugural Inua Biashara Day which was held today.
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Nairobi 18th October 2019 - Kenya Bankers Association (KBA) commends the efforts of His Excellency President Uhuru Kenyatta to ensure that private sector development is supported through access to finance. The Association notes in his Memorandum to the Speaker of the National Assembly that the President raises key challenges facing the private sector as a result of the interest rate controls that have been maintained by the Finance Bill, 2019.
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Nairobi 12th September 2019 - Drivers of industry growth, stability and the impact of technology in the financial services sector were some of the topics that featured in discussions during the first day of the Kenya Bankers Association 8th Annual Research Conference.
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Nairobi 10th September 2019 - The banking industry has successfully concluded its union negotiations for the 2019 to 2021 period. (Seated, left to right) Banking, Insurance and Finance Union (BIFU) spokesperson Tom Odero together with Kenya Bankers Association (KBA) representatives Ian Irungu of Commercial Bank of Africa and Robley Ngoje of KCB sign the collective bargaining agreement on behalf of the unionisable bank employees and bank management.
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Nairobi, 21st August 2019 - The banking industry plans to intensify efforts towards deepening financial inclusion across all segments of the economy by facilitating access to affordable banking services through enhanced technological innovation and sector-wide efficiency programs.
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Nairobi, 8th August 2019 - House prices remained depressed during the second quarter of 2019, reflecting early signs of an emerging trend where negative prices have been recorded in two consecutive quarters. Previously, negative trend has been followed by a correction in the subsequent quarter.
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Nairobi, 9th July 2019 - The banking industry maintained an impressive growth trajectory over the past three years, navigating a market environment characterized by constrained credit to the private sector, especially Micro Small and Medium Enterprises (MSMEs). According to a newly-published report by the Kenya Bankers Association (KBA), the introduction of interest rate caps prompted adjustments that have seen banks shift from segments considered riskier and investments that balance returns and asset quality. This has led institutions to shift resources to low and risk-free assets.
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Nairobi, 27th June 2019 - Kenya Bankers Association (KBA), the financial services sector's leading advocacy group, has announced that its member banks have re-elected Mr. Joshua Oigara as the chair of the KBA Governing Council. During the Association's 57th Annual General Meeting held today, banks also re-elected Mr. John Gachora as Vice Chairperson. The team will serve for the 2019/2020 period.
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Nairobi 19 June 2019 - Kenya's banking industry has invested Kshs. 2.1 Billion in Corporate Social Responsibility (CSR) in 2018 and approximately Kshs. 6.7 Billion over the past three years, according to the 2019 Kenya Banking Industry Shared Value Report released today by the Kenya Bankers Association (KBA).
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Nairobi 4th June 2019 - The Central Bank of Kenya (CBK) has commenced the introduction of the new generation bank notes. The CBK advised the public and industry about the transition to a new currency most recently in October 2018 and commenced with the issuance of the redesigned 1, 5, 10 and 20 Shilling coins in December 2018. Therefore, the release of the new 50, 100, 200, 500, and 1,000 Shilling notes is the second phase of the country's transition to the new currency.
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Nairobi 26th April 2019 - The Kenya Bankers Association (KBA) has today signed a Memorandum of Understanding (MoU) with the Kenya National Chamber of Commerce and Industry (KNCCI).
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Nairobi, 24th May 2019 - The rate of growth in house prices went down by 2.78 percent during the first Quarter of 2019, in what also marked the third decline since the Kenya Bankers Association House Price Index (KBA-HPI) base period. The other two instances were reported in the last Quarter of 2013 and the third Quarter of 2014. The latest KBA-HPI attributes the decline to the constrained credit flows to both the supply and demand side of the housing market.
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Nairobi Friday 3rd May, 2019 - Players in the financial and payment services industry have partnered to roll out a campaign aimed empowering consumers with knowledge to help protect themselves from fraud-related risks. Through the "Kaa Chonjo!" initiative banks, payments solution providers, consumer organizations, retailers and mobile network operators will seek to empower consumers with information on secure ways of using payment platforms and transaction channels.
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Nairobi, 20th February, 2019 - The banking industry through the Kenya Bankers Association has completed three key projects to increase efficiency of the Automated Clearing House, a system that commercial banks utilise to exchange payment files and facilitate the transfer of value between bank customers and commercial clients.
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Nairobi, 15th February, 2019 - House prices increased marginally by 1.49 percent in the Fourth Quarter of 2018, reversing the downward trend that prevailed in the preceding three quarters of the year. According to the Kenya Bankers Association House Price Index (KBA-HPI), the pattern mirrors the price evolution experienced in 2017 with indications that the slow pace of price growth experienced in the past quarters will continue to prevail.
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Nairobi, 7th February 2019 - Over the years, banks in Kenya have been making substantial effort in terms of management time, resources and investment in systems and processes to protect customers and the broader financial system. As signatories to the "Code of Ethics for Business in Kenya" we are committed to working with the Government and other players in the fight against corruption.
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Nairobi, 17th January 2019 - Bank customers in Kenya have not yet warmed up to the idea of robots and artificial intelligence and would rather have humans handle their customer service needs. This is according to a new Banking Industry Customer Service Survey conducted by the Kenya Bankers Association during the last quarter of 2018.
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Nairobi, 13th December 2018 - Eisenhower Fellowships-Kenya, a local non-profit organisation affiliated with the U.S.-based Eisenhower Fellowships Program, has appointed Kenya Bankers Association Director of Public Affairs Ms. Nuru Mugambi as the Chair of its Board of Directors. The Eisenhower Fellowships program identifies, empowers and connects innovative leaders through a transformative fellowship experience and life-long engagement in a global network of dynamic change agents committed to creating a more peaceful, prosperous, and just world.
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Nairobi 19th November, 2018 - The Kenya Bankers Association held its 2018 edition of the annual KBA Chairman's Ball dinner last Friday, in what was a colourful forum that brought together a rich mix of public and private sector stakeholders.
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Pretoria 31st October, 2018 - The Kenya Bankers Association (KBA) Chief Executive Officer Dr. Habil Olaka has been named Association Leader of the Year, with KBA taking the runner-up position in the Best Association category during the 2018 edition of Africa Associations Congress awards that were organized by the Association of Association Executives (AAE) last evening in Pretoria, South Africa. KBA was also featured as a case study for best practice in industry communications.
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Nakuru 26th October, 2018 - The Kenya Bankers Association (KBA) has today officially launched the Inuka Enterprise Program in Nakuru County. The initiative is intended to support Micro, Small and Medium-sized Enterprises (MSMEs) by equipping entrepreneurs with skills designed to enable them to run businesses in a better way. The training is also meant to boost MSME's market reach, enhancing their ability to access credit from banks.
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Nairobi 22nd October, 2018 - Young men drawn from Nairobi's informal settlements have received funds to set up their own businesses after undergoing entrepreneurship training under a youth programme initiated by the banking industry in Kenya. The youth are among a pool of more than 300 aspiring entrepreneurs in Nairobi and Mombasa that successfully pitched for small business loans under the YBIZNA programme, supported by the Kenya Bankers Association.
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Nairobi 17th October, 2018 - Kenya Bankers Association, the umbrella body of the banking industry and lead advocacy group of the financial services sector in Kenya, has been selected as one of the best associations on the Continent by The Association of Association Executives (AAE). The award winners will be announced on 30th October 2018 during the Africa Association Congress that will be held in Pretoria, South Africa. Of note, KBA has been shortlisted as Best Association in Africa and KBA Chief Executive Officer Dr. Habil Olaka has been nominated as Best Association Leader of the Year.
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Nairobi 28th September, 2018 - The Kenya Bankers Association 7th Annual Banking Research Conference came to a close today with papers that focused on the digital credit market, financial literacy, and household indebtedness. Researchers also analyzed major drivers of digital credit uptake and the effect of the adoption of technology on household indebtedness. Preferences of borrowers between conventional credit and digital credit were also explored.
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Nairobi Thursday 27th September, 2018 - The 7th Edition of the Kenya Bankers Association (KBA) Annual Banking Research Conference kicked off today with presentations that sought to provide solutions to a wide range of challenges facing the credit market. In their papers, researchers shined a spotlight on credit access issues, making recommendations on how lenders' capital requirements can be designed to improve levels of access to formal credit.
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Nairobi 26 September 2018 - The Capital Markets Authority (CMA) and the Kenya Bankers Association (KBA) have today signed a Memorandum of Understanding (MOU) that sets the stage for closer collaboration between the two organizations in the areas of research, data sharing, analysis, and stakeholder engagement.
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Nairobi 24th September, 2018 - The Kenya Bankers Association (KBA) will hold the 7th Annual Research Conference on 27th and 28th September, 2018 at Intercontinental Hotel in Nairobi from 8am. Themed "Credit Market Dynamics in an Evolving Regulatory and Market Participants' Environment", the forum will facilitate discussions on ways by which the financial system can promote efficient credit allocation to the economy.
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Nairobi, September 13th, 2018 - House prices failed to sustain the 2.08 percent pace of market recovery experienced in the first quarter of 2018 despite recording an overall 1.76 percent increase during the second quarter. This is according to the latest Kenya Bankers Association Housing Price Index (KBA-HPI), which also shows that the cost of acquring a home stabilised for the first time in the period under review since the first substantial rise in the first quarter of 2018.
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Nairobi, 26th July, 2018 - Low Government investment in agriculture has been identified among the key factors hindering the realization of the sector's full potential in Kenya at a time when the Government is focusing on promoting agricultural output to ensure food security.
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Nairobi, 3rd July 2018 - The Kenya Bankers Association hosted a delegation from the Somalia Bankers Association led by Chairman Mr. Abdizirack Abdi and Ag. CEO Abdullah M. Ahmed. The team was in Kenya on a bench-marking mission with KBA and other bodies in the financial industry. Somalia is making great progress towards setting up a formal banking framework after over 30 years of civil war.
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Nairobi, 28th June 2018 - Members of the Kenya Bankers Association (KBA) have elected Kenya Commercial Bank's Group Chief Executive Officer Mr. Joshua Oigara as the new Chairman of the Governing Council and re-elected NIC Bank's Managing Director Mr. John Gachora for another term as Council Vice Chairman. The new leadership will serve for a one year period.
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Nairobi, 18 June 2018 - Financial industry stakeholders will today hold a forum to discuss the impact of the Banking (Amendment) Act, 2016 amid concerns that the law has slowed down the pace of economic growth. Since the introduction of the legislation, the number of loan accounts has reduced by more than 1.3 million accounts, while the rate of growth of private sector credit has reached an all-time low with banks opting to invest in Government securities.
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Thursday 24th May, 2018 - The cost of houses increased during the first quarter of 2018, marking the first price uptick in the property market since the last quarter of 2016. According to the Kenya Bankers Association's House Price Index (KBA-HPI), house prices went up by 2.08 percent compared to the growth rate of 0.69 percent recorded in the last quarter of 2017, with a shift in market activity towards the middle segments.
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Nairobi, 11 May 2018 - The Kenya Bankers Association (KBA) has today released its third report on the impact of the interest capping law, which restricts banks to price loans at four percent above the Central Bank Rate (CBR). The report shows that while the law was well-intentioned, it has failed to achieve its key objective of increasing credit uptake by households and micro and small...
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Nairobi, May 8th, 2018 - The Kenya Bankers Association (KBA) has partnered with financial service providers to create awareness on safety measures in conducting transactions while using ATM cards, mobile phones, and online platforms. The month-long initiative, dubbed "Kaa Chonjo!", will be carried out with support from partners, including Visa, Safaricom, PesaLink, and the Retail Trade Association of Kenya (Retrak).
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Nairobi, 31 January 2018 - On the back of a generally suppressed private sector credit expansion, the rise in house prices remained subdued as reported by the Kenya Bankers Association House Price Index (KBA-HPI). According to the Index that tracks price movements based on industry data and property valuation, house prices in Kenya rose by approximately 0.68 percent during the fourth quarter of 2017 compared to 0.42 percent in the third quarter.
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Nairobi, November 9th 2017 - Kenya Bankers Association (KBA), the umbrella body of the banking industry today announced the finalists of the 2017 Sustainable Finance Catalyst Awards. This year's theme is "Recognizing Catalytic Finance that Impacts Industry, Economy and Society".
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Nairobi, November 2nd 2017 - Overall house prices in Kenya for the third quarter of this year posted the lowest rate of growth registered in the last three years, in part due to the current political environment and slowed private sector credit, a new industry report shows.
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Nairobi, October 19th 2017 - The Kenya Bankers Association's review of the effects of the Banking (Amendment) Act 2016 indicates that the law has largely failed to achieve the desired objectives. The review is based on evidence of market outcomes and bank level data that confirms the adverse consequences of the law one year into its implementation.
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Nairobi, September 22, 2017 - The Kenya Bankers Association (KBA) today announced details of its sixth annual banking research conference. This year's event will look at ways the banking sector can grow and deepen the country's already impressive financial inclusion record. The conference will be opened by Central Bank of Kenya Governor Dr. Patrick Njoroge.
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Nairobi, September 1st 2017 - The Kenya Bankers Association's Centre for Research on Financial Markets and Policy has published six research papers focusing on credit allocation on the back of active government domestic borrowing.
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Nairobi, 25th August 2017 - Kenya Bankers Association (KBA), the banking industry's umbrella body and the financial sector's lead advocacy group representing total assets in excess of Kshs. 3.7 trillion (USD 37 Billion), has announced that Mayfair Bank Ltd.
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Nairobi, July 28th 2017 - The residential property prices continued to increase at a modest pace during the second quarter of 2017. According to the Kenya Bankers Association - Housing Price Index (KBA-HPI), the average house prices in Kenya recorded a minimal increase of 0.98 per cent compared to the 1.10 per cent rise in quarter one 2017. This is the slowest price increase since the third quarter of 2016.
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Nairobi, 29th JUNE 2017: Members of the Kenya Bankers Association (KBA), the banking industry umbrella body, during the Association's Annual General Meeting today re-elected Mr. Lamin Manjang, Regional CEO of Standard Chartered Bank, as the Chairman of the KBA board of directors, known as the Governing Council. He will serve for the stipulated 12 month term.
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Nairobi, 22nd JUNE 2017: The Central Bank of Kenya (CBK) and the Kenya Bankers Association (KBA) are pleased to announce the official launch of Cost of Credit website. The website provides information on fees and charges relating to loan products offered by commercial banks and microfinance banks; specifically, personal secured loans, personal unsecured loans and mortgage loans.
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Nairobi, Kenya, June 12, 2017 - Kenya Bankers Association (KBA), the banking industry umbrella body, and the Kenya Institute of Management (KIM), signed a Memorandum of Understanding (MOU) towards the development of a curriculum tailored to Micro, Small and Medium Sized Enterprises (MSMEs) to be coordinated under KBA's Inuka Enterprise Development program.
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Nairobi, May 4th 2017 - The average house prices in Kenya increased marginally by 1.10 per cent during the first quarter of 2017 compared to the 1.58 per cent rise during the last quarter of 2016 according to the Kenya Bankers Association - Housing Price Index (KBA-HPI). Whereas this supports the observation that house prices are broadly stable, it is increasingly becoming evident that prices are softening.
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Nairobi, May 3rd, 2017 - The adoption of Chip and PIN technology is a step forward in mitigating fraud, according to a study by the Kenya Bankers Association, the banking industry umbrella body. Card related fraud has significantly reduced after the adoption of EMV as the industrywide standard for payment cards in Kenya.
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April 11, 2017 - The Central Bank of Kenya (CBK) and the Kenya Bankers Association (KBA) will co-host the inaugural Euromoney Kenya Conference to be held on May 9, 2017 in Nairobi. The conference themed Financial Inclusion 2.0: Expanding Kenya's Digital Financial Ecosystem, will broadly discuss the development of digital business and the financial ecosystem in Kenya and Africa.
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