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KCB Group, Kenya’s largest bank by assets, dismissed 60 employees in 2025 over fraud, nearly doubling the number of staff fired in the previous year, even as the lender reported a decline in fraud incidents and losses.
The lender said in its 2025 sustainability report that the employees were linked to schemes targeting both the bank and its customers, up from 34 dismissals recorded in 2024.
The rise in staff dismissals amid falling fraud cases signals that Kenyan banks are taking a tougher stance on insider crime, using technology and tighter controls to detect misconduct early.
According to KCB, fraud and forgery losses fell to KES 760,000 ($5,870) in 2025 from KES 4.5 million ($34,762) a year earlier. Reported fraud incidents declined by more than 40%, from 339 to 201.
