×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App
The Standard

Sending home workers fails to fix banks’ rising wage bill costs

By Patrick Alushula | 8yrs ago

National Bank Harambee Avenue: Photo: Wilberforce Okwiri

Kenya’s banking sector spent Sh97 billion to pay staff salaries in 2016 despite job cuts, an increase of 10.4 per cent from previous year’s Sh87.8 billion, even as move to trim workforce gains momentum.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902

Related Topics

staff salaries Kenya Commercial Bank lay offs
.

Similar Articles

Mortgages fall short in solving Kenya's housing crisis
Mortgages fall short in solving Kenya's housing crisis
Mortgage model of home ownership is increasingly being viewed as unsuitable for Kenya’s economic structure.
Real Estate
By Graham Kajilwa
1 hr ago
State banks on sensitisation forums to unlock Kenya's Pig sector as pork demand rises
State banks on sensitisation forums to unlock Kenya's Pig sector as pork demand rises
The government is now banking on public sensitisation forums on the pig value chain aimed at building a resilient, competitive, and inclusive pig industry.
Business
By Selina Mutua
5 hrs ago
IMF to Ruto: Stop lying on hidden debt
IMF to Ruto: Stop lying on hidden debt
Without a new programme, Kenya’s options are narrowing. Domestic borrowing remains expensive, and international markets are largely closed.
Business
By Brian Ngugi
11 hrs ago
Idea behind Local Content Bill good, but challenges lie ahead
Idea behind Local Content Bill good, but challenges lie ahead
The bill seeks to ensure that investment does more than pass through the economy but embeds itself within it.
Opinion
By George Nyongesa
12 hrs ago
After clinching Sh377b in trade deals, State now faces harder part
After clinching Sh377b in trade deals, State now faces harder part
Despite securing Sh377 billion in trade deals, Kenya now faces the tougher challenge of turning promises into real investments, jobs, and timely execution.
Opinion
By Victor Chesang
13 hrs ago
Big Tech on the spot amid rise in digital violence
Big Tech on the spot amid rise in digital violence
As digital violence surges, victims like Flavier Momanyi highlight growing pressure on Big Tech to curb online harassment and protect users.
Sci & Tech
By Maryann Muganda
13 hrs ago
How consistency, reliability spur growth of your business
How consistency, reliability spur growth of your business
Business growth depends not only on marketing but also on consistency and reliability, which build customer trust and long-term relationships.
Opinion
By Lydiah Kiburu
13 hrs ago
Key sectors that could lift Kenya out of 'hustle economy'
Key sectors that could lift Kenya out of 'hustle economy'
A new report says Kenya can reduce its “hustle economy” by channelling investment into key sectors like housing, agriculture, logistics, manufacturing, and the digital economy.
Enterprise
By Graham Kajilwa
13 hrs ago
Presidential advisor urges partnerships to make women owned businesses bankable
Presidential advisor urges partnerships to make women owned businesses bankable
Harriette Chiggai has called for stronger partnerships between policymakers and financial institutions to make women-led businesses more bankable.
Enterprise
By James Wanzala
19 hrs ago
State issues draft regulations for issuance of stablecoins
State issues draft regulations for issuance of stablecoins
The Kenyan government has proposed draft regulations requiring stablecoins to be fully backed by cash and low-risk assets.
Enterprise
By Graham Kajilwa
19 hrs ago
.

Latest Stories

Mortgages fall short in solving Kenya's housing crisis
Mortgages fall short in solving Kenya's housing crisis
Real Estate
By Graham Kajilwa
1 hr ago
State banks on sensitisation forums to unlock Kenya's Pig sector as pork demand rises
Business
By Selina Mutua
5 hrs ago
IMF to Ruto: Stop lying on hidden debt
Business
By Brian Ngugi
11 hrs ago
Idea behind Local Content Bill good, but challenges lie ahead
Opinion
By George Nyongesa
12 hrs ago
.

The Standard Insider

.

Digger Classified

GET OUR NEWSLETTER

Subscribe to our newsletter and stay updated on the latest developments and special offers!

CONNECT WITH US

FOR THE LATEST JOB ADVERTS

join Digger Classifieds telegram channel
The Standard
© 2026. The Standard Group PLC. All rights reserved