One Industry. Transforming Kenya

KBA CEO Wins Association Leader of the Year Award

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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Banks Launch Inuka MSME Support Programme In Nakuru County

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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Young Entrepreneurs Get Interest-Free Loans in Bankers' Youth Empowerment Programme

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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Kenya Bankers Association Selected for Africa Award

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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Lenders Encouraged To Design Strategies To Minimise Risks as Bankers Conference Closes

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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Bankers Conference Explores Credit Access Challenges, Highlights Financial Inclusion Opportunities

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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CMA and KBA Sign Agreement to Promote Financial Sector Innovation through Research and Policy Initiatives

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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All Set for the Kenya Bankers Association 7th Annual Research Conference

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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House Prices Stabilize After Property Market Recovery

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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Bankers Link Poor Agricultural Financing to Low Public Sector Investment

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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KBA hosts team from the Somali Bankers Association

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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Bankers Elect KCB CEO Joshua Oigara New KBA Chairman For 2018/2019 Term

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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Stakeholders Hold Forum to Discuss Interest Capping Law

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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Property Market Recovery Slows Rate of Decline in House Prices

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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Over 1.2 million SMEs and households lose out as bank credit allocation favours large, well-established businesses

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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Banks Partner With Stakeholders In Card, Mobile And Online Safety Campaign

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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Upward but Slow Rise in House Prices Expected for 2018

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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Finalists of the 2017 Sustainable Finance Catalyst Awards Announced

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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Political Environment, Rate Caps See House Prices Register The Lowest Growth Rate In Three Years

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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Banking (Amendment) Act 2016 Not Achieving Intended Objectives

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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Conference to Focus on Growing Kenya's World Leadership in Financial Inclusion

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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KBA Publishes Papers Highlighting the Dynamics of Credit Allocation on the Back of Active Government Domestic Borrowing

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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Mayfair Joins Kenya Bankers Association

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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House Prices Soften Further on the Back of Demand and Supply Slowdown

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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KBA Members Appoint Governing Council And Re-Elect Standard Chartered Bank CEO As Chairman

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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The Central Bank of Kenya (CBK) and the Kenya Bankers Association (KBA) are pleased to announce the official launch of Cost of Credit website

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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KBA and KIM Sign MoU to Train Micro, Small and Medium Sized Enterprises Under Banking Industry's Inuka Enterprise Program

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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Residential House Prices Stabilises as Demand Softens

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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Banks Partner with Card Stakeholders to Grow E-Commerce While Protecting Against Fraud

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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Kenya To Host Regional Digital Financial Inclusion Conference

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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