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Number of ATMs falls amid shift to digital banking

CBK attributed the decline to banks encouraging customers to use mobile and digital channels, increased competition from mobile money services such as Safaricom’s M-Pesa and the need to reduce…

  • ATMs in Kenya decreased by 2.66% to 2,228 in 2025
  • Decline attributed to mobile/digital banking shift
  • M-Pesa handles over 21.9 billion transactions monthly

Kwabre Area Community Bank records GH¢2.9 million profit in two years

The Kwabre Area Community Bank PLC made a profit before tax of GHc2, 922,817 in 2014 and 2025. The bank recorded a profit of GHc1,643,450 in 2024 while GHc1,279,367 was registered for 2025 amounting…

  • Kwabre Area Community Bank recorded GH¢2.9 million profit over two years
  • Cash and bank balances increased 143.8% from 2024 to 2025
  • Total assets grew 62.1% from GH¢15.2M to GH¢24.6M

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