Family bank has posted an 18% rise in the profit after tax to Kes 1.2 billion during the financial year ended 30th December 2020, from Kes 949,836 million recorded during…
Diamond Trust Bank’s (DTB) net profit for the year that ended on 31st December 2020 dipped by 51% to Kes3.5 billion, from Kes7.3 billion in 2019. According to the lender,…
Standard Chartered Bank Kenya has posted a 34% decline in its full-year net profit for the year that ended on 31st December 2020. The bank’s net profit dropped to KSh…
Absa Bank Kenya PLC posted a normalised profit after tax for the period ended December 2020 of Kes 6.5 billion a 23% decline compared to the period in 2019. The…
The Central Bank of Kenya (CBK) on Tuesday announced the extension of the loan repayment measures put in place for bank customers whose loans were performing before 2nd March 2020,…
KCB Group, the country’s largest and most profitable lender, has secured a US$ 150 Million credit facility to enable it to increase lending to climate-friendly projects and small business enterprises,…
Stanbic Holdings Plc net profit for the year that ended on December 31, 2020, dropped by 19% to Kes 5.2 billion from Kes 6.4 billion at the end of 2019.
The…
I&M will be joining the likes of DTB, Equity and KCB Group which have presence in the country.
The dim performance is attributed to an increase in loan loss provisions which surged by 76% in what the lender says is sufficient to cover future potential credit losses.
Under the Inuka SME Program, over 4,000 MSMEs have interacted with the training. The partnership will provide a hybrid targeted approach to advance the green finance agenda in Kenya.
The profit dip has however trimmed the bank’s earnings per share to Kes.11.13 from Kes.16.15 last year.
Cooperative Bank booked a 905 increase in loan loss provision from Kes. 2.1 billion in 2019 to Kes. 4 billion.
ABSA has painted a level of uncertainty in its outlook relating to the COVID-19 pandemic where it has highlighted that it is high and unprecedented, and its impact on markets and…
Equity’s asset base has expanded to Kes.933.9 billion with loans and advances to customers climbing by 30 per cent to Kes.453.9 billion.
The Board of Directors of HF Group Plc has appointed Mr. Adan Daud Mohamed as a Non-Executive Director of its Mortgage subsidiary, HFC effective 19th October 2020.
Mr. Adan Mohammed holds…
CBK collaborated with commercial banks through the Kenya Bankers Association to establish the currency center.
However, according to CBK, the amount of loans acquired during this period has increased steadily with banks having restructured loans worth kes 1.12 trillion which is 38 % of the…
The value of transaction has been tipped to rise on account of COVID-19 pandemic.
Huawei Kenya Chief Executive Officer Will Meng expects the partnership to further boost conviniency in delivery of financial services following the disruptions caused by COVID-19 pandemic.
Absa says it has restructured Kes.57 billion worth of customer loans representing 28 percent of its advances to customers as cushioning during the pandemic.
“We are pleased to be joining the Kenya Bankers Association, an organization that has championed industry development since 1962,” said Caritas Chief Executive Officer Mr. Titus Muchiri
The total operating income grew by 17.6 per cent to Sh 4.2 billion during this period compared to Sh 3.6 billion last year.
KCB’s earning per share (EPS) has also dropped to Kes.4.72 in the period from Kes.8.30 last year, pushing the lender to halt payment of interim dividends to its shareholders this…
The Central Bank of Kenya in June revealed that the ratio of non-performing loans stood at 13.1 percent, the highest since August 2007 when it stood at 14.41 percent.
This follows a unanimous approval of the transaction by shareholders of Jamii Bora Bank during the extra ordinary general meeting held Wednesday.
KDIC says the new limit will cover 99 per cent of depositors with funds in banks and deposit-taking microfinance institutions.
CBK said it saw a significant increase in the use of mobile money channels by individuals in both value and number of transactions, since the elimination of charges for transactions…
The Bank projects that it will wither the tough operating environment characterized by the COVID-19 pandemic to grow its earnings in 2020
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…
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…