Everything You Need To Know About CBK Salary Scale 2023

Filed in Article by on September 14, 2022 0 Comments

Central Bank of Kenya (CBK) Salary Scale 2023… Are you looking for a way to know the Central Bank of Kenya (CBK) Salary Scale 2023? If yes, then this informative article is for you. You will be given detailed information about the Central Bank of Kenya (CBK) Salary Scale 2023 And More.

If you are planning to join the Central Bank of Kenya (CBK), it is very important for you to know their salary scale for each position. So, at this point, have it in mind that you are on the right platform which will give you more insight into the Central Bank of Kenya (CBK) salary scale.

About Central Bank of Kenya (CBK)

The Central Bank of Kenya (CBK) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded in 1966 after the dissolution of the East African Currency Board (EACB). The bank’s executive management team comprises the governor, deputy governors, and heads of departments.

Central Bank of Kenya Responsibilities

The Central Bank of Kenya is responsible for formulating monetary policy to achieve and maintain price stability. The Central Bank also promotes financial stability; an effective and efficient payment, clearing and settlement system; formulates and implements foreign exchange policies; holds and manages foreign exchange reserves; issuing of currency; and is the banker for, adviser to, and fiscal agent of the Government.

Now, you understand more about the Central Bank of Kenya (CBK). So, come to think of their salary scale, what can you say about it? Well, you might not have more information about it, but since you are here on this platform, you will be given detailed information about it.

Central Bank of Kenya (CBK) Salary Scale

Central Bank of Kenya is among the highest paying parastatals in Kenya, it’s classified under Class A parastatals with a minimum salary of Ksh 130,000 to Ksh 180,000 for fresh graduate employees.

Since the work of CBK is important, employees’ salaries are not determined by SRC, the bank sets its employees’ salaries. For junior staff, clerks, secretaries, security officers, messengers, the pay is between Ksh 40,000 to Ksh 150,000 while officers with 1-3 years of experience earn between Ksh120,000 to Ksh180,000. Those who are in the rank of supervisors earn Ksh 200,000 to Ksh 400,000 per month.

After supervisors, there are managers, who earn Ksh 400,000 to Ksh 800,000 per month. Senior Managers pocket over Ksh1 million per month as gross pay.

The CBK Governor pockets over Ksh 1.8 million shillings per month plus other bonuses.

NOTE: The estimated salary scales are subject to change, but have it in mind that the Central Bank of Kenya (CBK) pays well.

What’s your take on this? We believe this article was helpful, if yes, don’t hesitate to share this information with your friends on Facebook, Twitter, WhatsApp, and other Social Platforms.

Leave a Reply