Nairobi, June 15 -- KCB Group fired 60 employees last year as it stepped up its war on fraud, with the staff linked to schemes targeting the lender and its customers.

The lender had parted ways with 34 employees in 2024 for similar reasons.

KCB disclosed that it wrote off Sh760,000 due to fraud and forgeries last year, compared with Sh4.5 million in 2024, according to its latest sustainability report.

The bank recorded 201 fraud incidents last year and thwarted attempts valued at Sh141.1 million.

The number of fraud incidents was higher in 2024 at 339, with the value of blocked attempts standing at Sh212.9 million.

Commercial banks have invested heavily in technology to detect and prevent fraud, which exposes them not only to financi...