KCB Group fires 60 staff for fraud in 2025
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 ta
KCB Group, Kenya's largest bank, dismissed 60 employees in 2025 due to fraud, nearly doubling the number from 2024. The bank reported a significant decrease in fraud incidents and losses. The dismissals were linked to schemes targeting both the bank and its customers. Despite fewer fraud cases, the bank is strengthening its internal controls and using technology to detect misconduct. Fraud losses dropped to KES 760,000 in 2025, down from KES 4.5 million the previous year. The number of fraud incidents fell by over 40%, and the value of blocked fraud also decreased. KCB implemented advanced security measures like biometric authentication and real-time transaction monitoring. The rise in staff dismissals reflects a stricter approach to insider fraud in Kenyan banks. The bank's subsidiaries in Rwanda, Tanzania, and Uganda also reported fraud cases and staff dismissals.
This highlights the increasing focus on internal fraud and the use of technology to enhance security in the banking sector.
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