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Kenya’s shift to revenue-based bank fees carries both promise and peril
The Central Bank of Kenya in Nairobi. The expectation by some investors was that the CBK would yield to pressure and start accepting pricier bids in order to meet the expanded target. It did not.
After 33 years of stasis, the Central Bank of Kenya (CBK) has proposed to update its banking licence fee structure. This is both a long-overdue modernisation and a possible danger to Kenya’s banking industry. The need for the reform is obvious, but more research should be done on its timing and execution.
Unquestionably, the branch-based fee model that is in use today is outdated.
