{"id":78980,"date":"2025-02-12T13:26:43","date_gmt":"2025-02-12T13:26:43","guid":{"rendered":"https:\/\/www.kba.co.ke\/?p=78980"},"modified":"2025-02-12T13:26:43","modified_gmt":"2025-02-12T13:26:43","slug":"kenyas-banking-sector-sees-growing-customer-trust-and-improved-service-delivery-2","status":"publish","type":"post","link":"https:\/\/www.kba.co.ke\/site25\/kenyas-banking-sector-sees-growing-customer-trust-and-improved-service-delivery-2\/","title":{"rendered":"Kenya\u2019s Banking Sector Sees Growing Customer Trust and Improved Service Delivery"},"content":{"rendered":"\t\t
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Nairobi, Kenya \u2013 February 12, 2025 \u2013<\/strong> Kenya\u2019s banking sector is making notable progress in customer satisfaction, with the 2024 Banking Customer Satisfaction Survey revealing a rise in loyalty and trust. The industry\u2019s Net Promoter Score (NPS) has increased to 44% in 2024, up from 37.7% in 2023, reflecting a stronger commitment to enhanced service delivery, digital banking innovation, and customer-centric solutions. More than 58.1% of customers now actively recommend their banks, signaling growing confidence in the sector.<\/p>

The report highlights that mobile and internet banking continue to be the most preferred channels, each scoring 6\/6 in customer satisfaction. More than 56% of customers favor self-service digital platforms for their convenience and 24\/7 accessibility. Banks are also making strides in improving service response, with 75.44% of complaints now resolved within two days, an increase from 66.4% in 2023, demonstrating an industry-wide focus on efficiency and customer care.<\/p>

Speaking at the report launch, Competition Authority of Kenya (CAK) Director General David Kibet Kemei emphasized the importance of transparency and financial wellness. \u201cKenya\u2019s banks are making positive strides, and with only 18.3% of Kenyans financially healthy, we encourage further investment in financial literacy, consumer protection, and tailored solutions to enhance overall well-being,\u201d he said.<\/p>

Kenya National Chamber of Commerce and Industry (KNCCI) CEO Ahmed Farah noted the progress in financial inclusion and the opportunities to extend services further. \u201cWith MSMEs contributing 40% to our GDP, continued investment in partnerships, digital solutions, and AI-driven financial tools will unlock even greater economic opportunities,\u201d he said.<\/p>

KBA CEO Raimond Molenje commended the industry\u2019s innovation and customer focus while calling for further improvements. \u201cKenya\u2019s banking sector remains at the forefront of innovation. By strengthening digital infrastructure and ensuring inclusive banking solutions\u2014such as expanding accessibility initiatives\u2014we can further enhance trust and convenience for all customers,\u201d he said.<\/p>

The survey also recognized banks for their exceptional customer experience. KCB Bank ranked as the best overall bank, followed by NCBA Bank and Equity Bank. In category rankings, KCB led as the best Tier 1 bank, Family Bank was recognized as the best Tier 2 bank, and ABC Bank ranked as the best Tier 3 bank. NCBA Bank and National Bank of Kenya secured second place in the Tier 1 and Tier 2 categories, respectively, while HF Group ranked second in Tier 3. The third-best customer experience rankings went to Equity Bank for Tier 1, Prime Bank for Tier 2, and Kingdom Bank for Tier 3. Absa Bank was recognized as the most improved bank in customer experience.<\/p>

Read the full report here: https:\/\/shorturl.at\/fACPC<\/a><\/span><\/span><\/p>

For media inquiries contact:<\/strong><\/p>

Hesborn Nyakundi | hnyakundi@kba.co.ke<\/span><\/a> | 0725 562637<\/p>

About the Kenya Bankers Association<\/strong><\/p>

KBA (www.kba.co.ke) was founded on 16th July 1962. Today, KBA is the financial sector\u2019s leading advocacy group and banking industry umbrella body that represents total assets in excess of USD 60 billion. KBA has evolved and broadened its function to include advocacy on behalf of the banking industry and championing financial sector development through strategic projects such as the launch of the industry\u2019s first P2P digital payments platform PesaLink. In line with the Government\u2019s policy on public-private partnerships, KBA and Central Bank of Kenya have implemented key projects such as modernization of the National Payments System through the Automated Clearing House, implementing the Real Time Gross Settlement System (RTGS), and the Kenya Credit Information Sharing Initiative. The KBA members are comprised of commercial banks and deposits taking microfinance banks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t

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Nairobi, Kenya \u2013 February 12, 2025 \u2013 Kenya\u2019s banking sector is making notable progress in customer satisfaction, with the 2024 Banking Customer Satisfaction Survey revealing a rise in loyalty and trust. The industry\u2019s Net Promoter Score (NPS) has increased to 44% in 2024, up from 37.7% in 2023, reflecting a stronger commitment to enhanced service delivery, digital banking innovation, and customer-centric solutions. More than 58.1% of customers now actively recommend their banks, signaling growing confidence in the sector.<\/p>\n

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