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.
KCB Group, dismissed 60 employees in 2025 over fraud, nearly doubling the number of staff fired in the previous year.
The CBK fined five banks in 2018 for failing to report suspicious transactions in connection with the theft of funds at the…
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…
KCB half-year profit rose 20.8% to KSh49.3 billion before tax, with regional banks outside Kenya contributing 27.7% of group…
The group’s profit growth was attributable to a cheaper cost of funds and lower loan loss provisions following improved quality…
