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KCB Group CEO Paul Russo has been appointed the new Chairperson of the Kenya Bankers Association (KBA), the umbrella body for all commercial banks in the country.
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His election was announced during KBA’s Annual General Meeting in Nairobi, succeeding NCBA Group MD John Gachora, who had held the role since June 2021.
Russo takes the helm at a time when the banking industry is focused on advancing Kenya’s economic growth through expanded credit access and financial inclusion.
“It’s a privilege to serve in this role,” Russo said after the announcement. “I appreciate the trust my colleagues have placed in me and look forward to working with all partners to further strengthen the banking sector’s impact on national development.”
He expressed commitment to continuing reforms aimed at improving customer experience, expanding affordable financial services, and helping drive the country’s economic transformation.
Russo brings over 20 years of leadership experience, having served in top roles across various sectors, including stints at National Bank, Barclays (Absa), PwC, EABL, and Unga Holdings.
Outgoing Chair John Gachora was praised for leading the sector through the post-COVID recovery period, including overseeing Sh1.7 trillion in restructured loans, pushing for key reforms in the forex market, and promoting financial access for MSMEs and persons with disabilities.
Meanwhile, Credit Bank CEO Betty Korir retained her position as KBA vice chairperson.
