Latest banking stories from across Kenya.
When a bank or microfinance institution in Kenya fails, it triggers a structured resolution process designed to protect depositors, maintain financial stability, and minimize systemic risks. The Kenya Deposit Insurance Corporation (KDIC),…
Switching banks in Kenya is a manual process that requires customers to handle all steps themselves, as there is no automated account-switching system. According to the Competition Authority of Kenya (CAK), unlike countries with…
SBM Bank Kenya is offering customers a better way to grow their savings with its Platinum Saver Account, which comes with an attractive 8.5% annual interest rate, effective as of February 2026. The Platinum Saver account is designed to…
For many parents, teaching children about money often starts with small things, for example, chores, pocket money, and saving for something they really want. SBM Bank Kenya is now turning those everyday moments into a digital experience…
