One Industry. Transforming Kenya

Banks Table Commitments To Stem Interest Rate Capping Legislation

Sector Announces Effective Transmission of Monetary Policy; Ksh30 Billion SME Support Facility; and Ksh 100 Million Capacity Building Fund.
Nairobi, Wednesday, August 10, 2016... The banking sector has today, through its umbrella body the Kenya Bankers Association (KBA), presented a Memorandum of Understanding (MOU) to the Central Bank of Kenya (CBK) with commitments to enhance industry regulation and transmission of the CBK Monetary Policy; promote pricing transparency; and support enterprise development.
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Banks Gear Up to Float Kenya's First Private Sector Green Bond

Nairobi, Monday, August 8, 2016 - Banks, under the ambit of the Kenya Bankers Association (KBA), are working to develop a Green Bond Market and have partnered with Nairobi Securities Exchange (NSE) towards raising the country's first bank-supported climate change-aligned corporate debt instruments in the next six to eight months, paving the way for Kenya to join its peers in the Continent in tapping the growing investor demand for green investments. According to Climate Bonds Initiative, the climate-aligned global bond market stands at USD 696 billion with green bonds making up 17 percent or USD 118 billion.
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House Prices on an Upward but Modest Trend in the second quarter of 2016

Nairobi, Monday, August 1, 2016 - The average house prices in Kenya recorded a marginal, but stable increase during the second quarter of 2016, portraying broad market stability in the housing sector. According to the Kenya Bankers Association - Housing Price Index (KBA-HPI), the average cost of houses across the country increased by 1.74 per cent over in quarter two, compared to 1.4 per cent rise recorded in the first quarter of the year. The house price movement in the second quarter of 2016 is attributed to market demand and supply dynamics in the sector that has remained unchanged coming in from the previous quarter.
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Banks Challenged to Include More Women In Leadership & Business

Nairobi, Tuesday, August 2, 2016... Banks have today been challenged to come up with initiatives that will lead to an inclusion of more women in positions of leadership in line with the Sustainable Development Goal on Gender Equality which calls for gender equality and empowerment of all women and girls by the year 2030. This was said today at a forum hosted by the Kenya Bankers Association (KBA) for Leading Women in Banking and Finance in partnership with the Central Bank, Diamond Trust Bank, Citi Bank Kenya, Guaranty Trust Bank and Postbank...
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Statement by Kenya Bankers Association on the Banking (Amendment) Bill 2015

Nairobi, July 28th 2016 - The banking industry through the Kenya Bankers Association has made every effort to propose reasonable solutions to the Parliamentary Committee on Finance, Planning and Trade -- towards addressing the concerns of the public regarding the area of interest rates. We believe that the proposed Amendments to the Banking Act were introduced with the best intentions for the banking public; however, there are several considerations that must be factored into the legislation so as to achieve the ultimate goal while forestalling an adverse impact on the economy overall and the millions of Kenyans who rely on finance from banks.
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Banks, Judiciary Seek To Use Mediation To Unlock Ksh 10 Billion Locked In Litigation

Nairobi, Tuesday, July 5, 2016... The Judiciary's Commercial Division in partnership with the Kenya Bankers Association (KBA) met to explore ways through which banks can use alternative dispute resolution mechanisms. Currently over Ksh 10 billion is locked up in bank-related litigation. The meeting, whose theme was "Commercial Disputes: Creating Value through Mediation"...
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Banking Industry Body Appoints New Chairman for 2015/2016 Term

Nairobi, 23 JUNE 2016: Members of the Kenya Bankers Association (KBA), the banking industry umbrella body, elected Mr. Lamin Manjang, Regional Chief Executive of Standard Chartered Bank, as the new Chairman of the KBA board of directors, known as the Governing Council, during the KBA's Annual General Meeting that was held on 23rd June 2016. He will serve for the stipulated 12 month term. Mr. Jeremy Ngunze will continue to serve as Vice Chairperson.
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