Overview

Overview kbaadmin May 9, 2022

Background Information

The Kenya Bankers Association (KBA) is an industry association that was established on July 16th, 1962, by the Registrar of Trade Unions. Initially, the association’s primary objective was to represent member banks in negotiating the terms and conditions of their unionised employees. It also aimed to standardise management practices across the industry to ensure harmony.

Over time, the Kenya Bankers Association’s ambition has expanded to include promoting industry development and economic growth by engaging with the government and the Central Bank of Kenya (CBK), the sector regulator. This ambition was further strengthened in 2012 when the association unveiled its new brand and ambition statement: “One Industry. Transforming Kenya.”

Through the 2014-2018 Strategic Plan, the Kenya Bankers Association revised its mandate to strengthen the banking industry’s role as a critical driver of economic growth. The new mandate included lobbying and advocacy efforts and promoting industry development and innovation through collaboration with members and stakeholders on strategic initiatives.

The Kenya Bankers Association is the umbrella organisation representing 47 licensed and regulated financial institutions by the Central Bank of Kenya (CBK). The KBA’s mission is to promote a reliable and professional banking sector that provides the best financial services to Kenyans who entrust their hard-earned resources with the member banks.

KBA Core Values

Leadership, Innovation, Knowledge and Ethics.

KBA Vision
A vibrant and sustainable banking industry.
KBA Mission

To promote a competitive banking environment by championing industry development through thought leadership, research, innovation and advocacy.

KBA Structure & Governance

KBA is an association of 47 member banks represented by their Managing Directors or Chief Executive Officers. The Secretariat is situated at the International House in Nairobi.

The KBA General Body elects a Governing Council of 12 nominated CEOs and several co-opted members overseeing the Secretariat’s operations, programs, and budget.

The KBA Secretariat, under the leadership of the Ag CEO Molenje, has a full-time staff that manages day-to-day operations.

KBA’s Secretariat manages activities in consultation with Committees and Sub Committees.

  1. Operations & Technical Services Committee
    – Clearing House Sub-Committee
    – National Payments Sub-Committee
    – Credit Sub-Committee
    – Islamic Finance Advisory Sub-Committee
  2. IT Systems & Risk Committee
    – Bank Security Sub-Committee
    – Bank IT Systems, Risk & Security Sub-Committee
  3. Legal Affairs Committee Committee
  4. Finance & Audit Committee
    – Tax Sub-Committee
    – Financial Markets Sub-Committee
  5. Compliance Committee
  6. Human Resources & Ethics Committee
  7. Public Relations Committee