Top four banks hire 6,058 on expansion and staff turnover

Equity Group, KCB Group, Co-operative Bank of Kenya and NCBA Group reported a 36 percent jump in new hires last year compared to 2024.

Photo credit: File | Nation Media Group

Kenya’s top four banks last year made 6,058 new hires despite fears that increased digitisation in the sector would trigger job losses in an economy struggling with high unemployment.

Equity Group, KCB Group, Co-operative Bank of Kenya and NCBA Group reported a 36 percent jump in new hires last year compared to 2024, resulting in their total headcount rising to 35,114 from 33,305 a year earlier.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.