NCBA Group Managing Director John Gachora has been re-elected as Chairman of the Kenya Bankers Association (KBA) Governing Council.
During the association's 62nd Annual General Meeting held yesterday, KBA member banks also appointed Credit Bank Chief Executive Officer Betty Korir as Vice Chair of the banking industry's apex governing body.
Korir becomes the third female vice chair of the association, reflecting the industry's commitment to promoting gender inclusivity in leadership within the financial services sector.
This role has previously been held by Nasim Devji of Diamond Trust Bank and Rebecca Mbithi, formerly of Family Bank.
Korir steps into her new role after serving as a member of the KBA Governing Council.
Upon his re-election, Mr. Gachora expressed gratitude to member banks for their trust, acknowledging their collaboration over the past year. "I think there is enough work to be done...we have big projects on which we will be giving you updates very soon as we complete them," he said.
The newly appointed Vice Chair, Korir, thanked members for their confidence in her leadership, emphasizing the importance of collective effort in steering the industry in the right direction.
"We shall be collaborating and working together. I always talk about collective wisdom... so when I will be reaching out, feel free to support," she said.
KBA acting Chief Executive Officer Raimond Molenje encouraged member banks to continue enhancing the industry's contribution to the economy.
"The industry contributed KES 181 billion to the economy in 2023. This is something we should be proud of because when the industry performs well, it creates jobs while also promoting overall socio-economic growth," Molenje said.
As the umbrella body for all commercial banks in Kenya regulated by the Central Bank of Kenya, KBA's membership includes 46 banks.
The association's main role is to influence the policy environment to foster economic growth by enhancing the capacities of financial institutions and promoting financial inclusion by strengthening growth across all sectors of the economy.
