Kenya Airways Loss Widens 71% to Kes 12.9 Billion
Cargo tonnage increased from 64,238 tons to 68,264 tons, representing a 6.3 percent growth. Operating costs surged 12.4 percent to Kes 129.1 billion from Kes114.8 billion.
Co-op Bank’s Profit After Tax Flat at Kes 3.6 Billion
Total non-interest income grew to Kes4.9 billion from Kes4.1 billion while total operating income grew to Kes12.5 billion from Kes11.1 billion whilethe gross Non Performing Loans (NPLs/bad loans) stood at Kes31.8 billion...
KCB Group Plc Posts 8% Growth in Q1 Net Earnings to Kes 6.3B
The Group’s balance sheet remained strong, growing 31% from Kes725.7 billion to Kes.947.1 billion, well within range of the Kes.1 trillion target by the end of 2022. Customer deposits rose 34% to...
NCBA Q12020 Pre-Tax Profit at Kes.2.4 Billion.
The Group’s fundamentals remained strong in the first quarter of the year with overall positive volume increases, ending the quarter with a total assets base at Kes509.6billion.
Stanbic Bank increases Deposits, Expands loan book to Kes 161 billion in Quarter 1
Stanbic Bank restructured KSh 2.3 billion of SME loans and saw SMEs get a three-month loan holiday. This was particularly impactful as SMEs have been hardest hit by the COVID-19 crisis putting...
Safaricom Profit Up 19.5% to Kes 74.7 billion backed by M-Pesa, Data Growth
Safaricom’s board has recommended a Kes.1.40 dividend pay out to shareholders up from Kes.1.25 last year from an earnings per share (EPS) of Kes.1.84.
Nation Media Group reports 20.7% decline in Profits for FY 2019
Nation Media Group has announced a payment of a bonus dividend which will be issued on a ratio of 1 share for every 10 held by investors.
Britam back to Profitability with Pre-Tax Profit of Kes 4.6 Billion
The international insurance business contributed 19 percent of the Group’s gross earned premium, thereby boosting profitably to the Group.
HF Group cuts loss by 82 pc to 110 Million
In 2018 year the lender had posted a loss of Kes598.2 million, even as it slowed its loans and advances to customers. Operating expenses dropped by Kes726 million or 17.1 percent to...
Family Bank Registers a 227% Earnings Growth To KES. 1.42 Billion
The net interest income grew by 16.3 per cent to KES. 5 Billion compared to KES. 4.3 Billion realized in the same period last year with income from loans and government securities...
NSE Reports a Net Loss of 58% on reduced trading activity in 2019
The Directors have recommended the payment of a first and final dividend for the year 2019 of Kes. 0.08 per ordinary share and will be paid within sixty (60) days of the...
NCBA Net Profit Up at 7.8 Billion, Dividend at Kes 1.75
The lender’s total operating income grew by 59 per cent to Ksh.33.7 billion from Ksh.21.2 billion posted in the previous year. The bank also realised a Ksh.4.1 billion windfall from a bargain...
Absa FY 2019 Normalized Profit after tax up 15% to Kes 8.5 billion
The Bank costs were well managed at Kshs17.3 billion reflecting a 1% increase year on year largely because of spend discipline and cost saves initiatives. The cost saves initiatives included automation of...
Equity Group Net Earnings Up 14% to Kes 22.6 Billion, Dividend Increased 25pc
The Group continued to maintain an agile balance sheet with a liquidity of 52.1%, a loan deposit ratio of 75.9% and a core capital to risk weighted asset ratio of 19.8%. The...
Stanchart Records Pre-Tax Profit of Kes 12.2 Billion, Dividend Up 5%
The Bank's Chief Executive said it was too early to assess the impact of the coronavirus epidemic on its business. StanChart Kenya said that if the crisis extends beyond 90 days, its...
Co-operative Bank Net Earnings Up 12.5% FY 2019, Dividend Unchanged
In a statement accompanying financial results, Co-op Bank Group MD Dr. Gideon Muriuki said the bank has continued to leverage on successful penetration banking services in the country while reviewing opportunities to...
