NCBA Temporarily Closes 8 Branches in Kenya
NCBA bank has announced plans to temporarily close eight of its branches in Kenya in a bid to curb the spread of the COVID-19 virus. The closure is with effect [...]
HF Group Posts KSh110 Million Net Loss in 2019
HF Group's net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating [...]
Kenya's Family Bank Full-Year Profit More than Treble
Net earnings of Family Bank trebled to KSh 949.8 Million last year compared to KSh 224 Million the previous year. This impressive growth was propelled by an expanded loan book [...]
IM Holdings Records KSh 10.8 billion Net Profit
IM Holdings increased its net earnings by 27 percent to KSh 10.8 billion at the close of financial year ended 31st December, 2019. This is compared to KSh 8.5 billion [...]Banks May Delay Cutting Lending Rates
Expectations are high that borrowers will soon see a drop in the cost of credit from commercial banks. This follows a move by the Monetary Policy Committee(MPC) to cut the [...]NCBA Group Net Earnings Rise to KSh 7.8 Billion
NCBA Bank has recorded an increase in net profit from KSh 5 billion to KSh 7.8 billion at the close of the financial year ended 31st December 2019. The lender's [...]Equity Bank to Offer More on Digital Platforms During Covid19 Outbreak
With normal business operations hurtling towards a complete shutdown, there is a silver lining for Equity Bank customers. 11The lender has announced that customers will soon access personal and small [...]Absa Bank Kenya Posts KSh 7.5 billion in Net Earnings
Huge costs associated with rebranding and delinking from UK-based Barclays Bank weighed heavily of the financial performance of ABSA Bank Kenya Limited. These expenses include investments in new systems as [...]KCB-MPesa Users to Access KSh 30 Billion Kitty
KCB Group and Safaricom have set up a KSh 30 billion kitty that will be available to KCB-M-Pesa users. This offer, that will be valid for the next three months, [...]Absa to Settle All Supplier Invoices Within the Fortnight
Absa has unveiled a new raft of measures aimed at cushioning small businesses and individuals from the financial impact arising from the COVID-19 pandemic. These include a pledge to settle [...]Stanchart Kenya Records Marginal Growth in Full Year Net Earnings
Standard Chartered Bank Kenya has recorded a marginal increase in profit of KSh 8.2 billion compared to KSh 8.1 billion the previous year. Its balance sheet grew in size grew [...]Equity Group to Set Up a Holding Company for its Insurance Business
Equity Group Holdings has announced plans to undertake long term insurance business in Kenya. Furthermore, the company is working on setting up a non-operating holding company to hold its insurance [...]
