It has applied for regulatory approval to join other banks in Kenya , including Standard Chartered , in allowing it to raise the fees charged to clients as of next year , so it can boost its earnings . The banks are under increased pressure to raise their transaction - based income , since high interest rates are reducing the appetite for credit by the private sector and consumers . The bank’s monthly tariffs are between Sh499 and Sh1,000. Vijay Parmar of Burbidge Capital said , " they are looking to protect their non - funded ( non - interest ) income because net profit margins will be squeezed , hence the pressure to expand " .
It has applied for regulatory approval to join other banks in Kenya , including Standard Chartered , in allowing it to raise the fees charged to clients as of next year , so it can boost its earnings . The banks are under increased pressure to raise their transaction - based income , since high interest rates are reducing the appetite for credit by the private sector and consumers . Vijay Parmar of Burbidge Capital said , " they are looking to protect their non - funded ( non - interest ) income because net profit margins will be squeezed , hence the pressure to expand " .