The banking industry in the country is set for a radical shift after the Central Bank of Kenya (CBK) announced plans to revise banking fees, with changes expected to take effect upon publication in the Kenya Gazette.
Under the proposed Banking (Fees) Regulations, 2025, the CBK indicated that banking fees would be determined based on a bank's gross annual revenue.
This will include income from loans, government securities, fees, commissions, foreign exchange trading, and dividends.
According to the CBK, the gross annual revenue will be calculated using the audited financial statements from the previous year.
