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Governor's Address at the Kenya Bankers Association Annual Conference
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Governor's Address at the Kenya Bankers Association Annual Conference

November 28, 20258 min readDr. Kamau Thugge, Governor

Dr. Kamau Thugge highlighted the progress made in financial sector stability and outlined priorities for the coming year.

Speaking at the Kenya Bankers Association Annual Conference, CBK Governor Dr. Kamau Thugge delivered a comprehensive address on the state of Kenya's financial sector.

Financial Sector Performance:

"The banking sector has demonstrated remarkable resilience," noted Dr. Thugge. Key achievements include:

  • Capital adequacy ratio at 18.5%, well above the regulatory minimum
  • Non-performing loans ratio declining to 13.2%
  • Return on equity improving to 24.8%

Digital Transformation:

The Governor emphasized the importance of digital innovation:

  • Mobile banking transactions grew by 35% year-on-year
  • Digital lending platforms reaching underserved populations
  • Need for responsible innovation and consumer protection

Regulatory Priorities for 2026:

  1. Climate Risk: Implementation of climate risk management guidelines
  2. Cybersecurity: Enhanced cyber resilience frameworks
  3. Financial Inclusion: Accelerating access to financial services
  4. Open Banking: Development of open banking framework

Looking Ahead:

"As we enter 2026, the Central Bank remains committed to maintaining financial stability while fostering innovation that benefits all Kenyans," concluded Dr. Thugge.

SpeechBanking SectorFinancial Stability