KCB blocked fraud attempts worth Sh141.1 million in 2025 and cut fraud-related write-offs sharply.
By
George Ngigi
Correspondent
Nation Media Group
KCB Group fired 60 employees last year as it stepped up its war on fraud, with the staff linked to schemes targeting the lender and its customers.
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KCB Group, dismissed 60 employees in 2025 over fraud, nearly doubling the number of staff fired in the previous year.
Fraudulent claims are estimated to constitute a fifth of the total claims made, with medical covers being the main target.
The suspects denied 68 charges, including theft, money laundering and forgery, linked to alleged withdrawals from a customer’s…
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Cooperatives umbrella organisation suffered a Sh13.3 billion fraud that was disclosed in 2025.
Growth majorly driven by growth in interest-earning assets and a drop in interest expense.
