Mathenge, G. D.2014-03-192014-03-192013-01International Journal of Business and Social Science Vol. 4 No. 1; January 2013http://ir-library.ku.ac.ke/handle/123456789/9281The core intent of this research paper was to understand the universality of the value system practiced bycommercial banks, the effectiveness of loans, equality in banking services and the reliability of the productsoffered with respect to ethical banking in Kenya. This research forms a framework for ethical banking in theindustry by recommending concrete measures on the cases of increasing financial slavery, indiscriminatebanking, and unethical conduct. A major finding was found to be that in order to create a formidable ethical banking in Kenya, commercial banks have to be at the fore front of embracing and employing ethical considerations in their banking practices. This study is focused on the ethical considerations in banking industryin Kenya. Taken as a whole, our findings suggest that, there is need to embrace ethical values by commercial banks in creating an ethically inclined banking environment.enBanking industryfinancial freedomethical bankingvalue systemethical perspectiveArticle