Banking Sector Stories

DIB Bank Kenya opens 7th branch in South C, Nairobi
Alfred Onyango  |  Apr 16, 2025

The lender also said the launch reinforces its commitment to providing accessible Shariah-compliant financial solutions in the country.

CBK ends 10-year banking licence ban, sets Sh10bn capital threshold
Lucy Mumbi  |  Apr 16, 2025

Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital thres...

Banks navigate perfect storm to post Sh181bn in profits
Lucy Mumbi  |  Apr 14, 2025

This is an improvement from the Sh162.3 billion recorded during a similar period in 2023, underlining the sector’s ability to withstand economic press...

KBA warns 24 banks at risk of closure over proposed core capital increase
Lucy Mumbi  |  Nov 28, 2024

The debate surrounding the proposed core capital increase and the role of banks in supporting MSMEs continues to draw scrutiny from both lawmakers and...

Banks given 3 years to comply with Sh10bn capital threshold
Alfred Onyango  |  Jun 24, 2024

The goal is to strengthen the banking sector's resilience and increasebanks' capacity to finance large-scale projects, Treasury Cabinet Secretary Njug...

New franchises boost banking sector's growth in Mombasa
Farhiya Hussein  |  Mar 24, 2024

The banking sector in Mombasa is experiencing gradual growth with the arrival of new franchises expanding across the Port City.

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