NCBA Group Managing Director John Gachora has lauded the strength of Kenya’s banking sector, rallying Kenyans to take pride in the nation’s robust financial institutions amid international interest from major players like JP Morgan.

Emphasising Kenya’s resilience in capital and liquidity, Gachora dismissed sceptics and urged the public to ignore baseless criticism.

“The Kenya Banking Sector is at its strongest in capital, liquidity and other measures. We should be very proud as a country of our strong banking institutions,” Gachora affirmed.

Unfazed by negative rumours circulating online, he added, “Those fellas making some funny noises, should go by the corner, cry alone!”

Gachora’s remarks follow recent commentary from the Central Bank of Kenya (CBK), which cautioned the public against false information circulating about the stability of the sector.

Read More

  1. CBK warns public against misleading information on banking stability
  2. NCBA partners with Xpress Money to enhance diaspora remittance services
  3. William Ruto nominates leaders for key state commissions and agencies

The CBK assured Kenyans that the banking system remains “stable and resilient, and is adequately capitalised,” encouraging customers to continue their transactions with confidence.

Highlighting Kenya’s attractiveness to global financial giants, Gachora noted that JP Morgan’s planned entry into the market is a clear endorsement of the sector’s strength.

“The recent announcement by JP Morgan to enter Kenya is a testament to the robust regulatory environment that the CBK has created. Nowhere else in the world is your money this safe!” Gachora stated.


With Kenya’s banking sector on a growth trajectory, Gachora’s words serve as a reminder of the nation’s increasing importance on the global financial stage, while CBK’s vigilance assures the public of ongoing stability.