banks
Dwindling Loyalty: 5 Main Causes of Infidelity Among Bank Customers
Poor customer service, high fees, and inconvenient digital banking platforms are the top reasons Kenyans switch banks, according to the 2024 Banking Customer...
BT Reporter2 Mins read
Borrowers Tie Lenders in Web of Litigation as Defaults Rise
In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20...
BT Correspondent3 Mins read
Banks Contributed Bulk Of Corporate Taxes In Last Two Years
A new report compiled by audit firm PricewaterhouseCoopers (PwC) on behalf of the Kenya Bankers Association attributes the decline to reductions in corporate...
BT Correspondent2 Mins read
Banks Picked a Bad Flu From Covid-19 Economic Disruption
Despite the growth slowdown, the industry continued to withstand market shocks arising from the pandemic. The KBA report indicates that the sector’s outlook...
BT Reporter3 Mins read
The Billion-Shilling Threat to Banks by Young Techies in Nairobi Estates
In 2018 and 2019, cyber criminals made away with at least Sh2.6 billion
BT Reporter2 Mins read
After Changing Old 1000 Notes, Kenyans Now Resort to Holding Their Money in Cash
Statistics from CBK suggests that Kenyans do not prefer keeping their money in banks as currency in circulation outside banks increases
Kevin Namunwa1 Mins read
Banks Shares Hit a Rare Mark as Safaricom Nears All-Time High
The market was mainly driven by trading in banking and Safaricom shares, which represented over 85% of the traded volume.
BT Correspondent2 Mins read
Kenyans Transfer Sh25bn From Mattresses to Banks as Deadline Nears for Old Notes
With just one month before the old Ksh 1,000 become valueless, the Central Bank of Kenya says Ksh 25 billion were returned to...
BT Reporter2 Mins read
Banks required to report critical cyber attacks within 2 hours
With increasing fears that cyber attacks pose a huge threat to Kenya’s economy, The Central Bank of Kenya (CBK) has published new cyber...
Samuel Gitonga1 Mins read
