One Industry. Transforming Kenya

Banking Industry Commitment to Pass on Benefits to Existing Customers

Nairobi, 31 August 2016: Over the past weeks, amendments to the Banking Act have been widely debated by politicians, banking experts, the public, consumer groups and in the media. The voice of Kenyans has come out strongly that banks need to better serve their customers and pass on the benefit of enhanced efficiencies to borrowers and depositors. We appreciate this sentiment and are committed to win back the trust of the banking public by meeting their expectations.
Read More

Statement by Kenya Bankers Association at the Press Briefing

Nairobi 25, August 2016: The banking industry, through the Kenya Bankers Association (KBA), welcomes the spirit of yesterday's decision by His Excellency President Uhuru Kenyatta to assent to the Banking (Amendment) Bill 2015. We believe that the essence of the decision is aligned to the Kenya banking sector's continued commitment to address the fundamental issues that drive up the cost of credit.
Read More

Statement by Kenya Bankers Association on the Banking (Amendment) Act 2015

Nairobi, 24 August 2016: The Kenya Bankers Association (KBA) is committed to bringing down loan interest rates, promoting a savings culture and enhancing consumer protection, so we welcome the spirit of today's decision by His Excellency President Uhuru Kenyatta.
Read More

KBA Statement Issued on 16 August 2016 Regarding Speculation on the Position of the Banking (Amendment) Bill 2015

There are statements being circulated on social media that indicate that His Excellency President Uhuru Kenyatta has taken a position on the Banking (Amendment) Bill 2015. These views are not official and remain unconfirmed. As we await the decision on the matter, the banking industry, through the Kenya Bankers Association, welcomes the opportunity to reengage with the Parliamentary Committee on Finance, Planning and Trade, towards responding to the concerns of the public whilst addressing the issue of interest rates in a sustainable way.
Read More

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.
Read More

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.
Read More

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.
Read More
Need Help ? Contact Us