KCB to Pump KSh3 Billion Capital into NBK
KCB Group plans to inject up to KSh3 billion fresh capital into the recently acquired National Bank of Kenya(NBK) to assist the subsidiary meet the minimum capital ratios set out [...]
How Banks are helping SMEs Navigate Through COVID-19
As the COVID19 dust settles down, the real impact on SMEs in Kenya is becoming evident with massive layoffs across the board and business closure. On Friday's #CEOChat online forum, [...]
Podcast; What Makes an Investment Islamically Acceptable?
In Episode 3 of the Islamic Finance Podcast Series, Ali Mohammed delves into the necessary criteria that need to be fulfilled in order to make an investment Islamically acceptable. The [...]
KCB Group CEO Joshua Oigara Earned KSh 299 Million Annual Pay in 2019
A glimpse at a directors remuneration report, 2019 of Kenya Commercial Bank(KCB) Group shows that its Chief Executive Mr Joshua Oigara earned an annual pay of KSh 299.1 Million as [...]StanChart Kenya COO Joins Board
The Board of Directors of Standard Chartered Bank Kenya Limited has announced the appointment of Mr Peter Gitau as Executive Director with effect from 30th April, 2020. Mr Gitau is [...]Stanbic Bank Q1 Profit Declines to KSh 1.5 Billion
Stanbic Bank posted KSh 1.5 Billion net profit in the three months to March, becoming the first lender to release its Q1, 2020 financial results. The net profit dropped from [...]Moody's Issues Negative Rating to Kenya's Top Three Banks
Moody's rating agency has altered its assessment of KCB, Equity and Co-operative, Kenya's three largest retail banks' long term deposit ratings to negative from stable. This action follows Moody's recent [...]JPMorgan Extends Services to Bitcoin Exchanges
JPMorgan Chase is set to begin offering bank accounts to Gemini and Coinbase cryptocurrency exchanges. This is the first time the bank has opened its doors to the crypto industry. [...]
Kenyan Banking Industry to Survive Pandemic, KBA survey
The Kenya Bankers Association(KBA) has indicated that a financial crisis in Kenya is unlikely due to the high levels of liquidity within the banking system. We anticipate the banking industry [...]KCB Group to hold virtual AGM
Directors of Kenya Commercial Bank(KCB) Group have issued a notice to shareholders on the forthcoming 42nd Annual General Meeting (AGM), to be held through electronic means. This follows a Court [...]Absa Rolls out Powercard Across Africa
ABSA Group has completed the rolling out Powercard across eight African countries: Botswana, Kenya, Mauritius, Zambia, Tanzania, Ghana, Uganda, and Seychelles. HPS, a leading multinational provider of payment solutions, on [...]Digital Banking is the new Normal Citi CEO
Covid19 pandemic has exposed digital adoption and preparedness in the Kenyan banking scene. The Kenya Bankers Association first #CEOChat of quarter two discussion zeroed on enhancing financial services access through [...]
