Kenyan Banks Restructure Personal Loans Worth KSh 102.5 Billion Central Bank
Available Central Bank of Kenya (CBK) figures show that banks extended the repayment period of personal loans to customers, worth KSh 105.2 Billion at the end of April 2020. This [...]
South Africa Cuts Key Lending Rate to 3.75%
South African Reserve Bank has cut its key lending rate by 50 basis points from 4.25% to 3.75% the lowest on record. The Bank paints a grim picture of the [...]
NCBA Net Earnings Increase to KSh 1.6 Billion
NCBA Group's net earnings in the three months to March 2020 reached KSh 1.6 billion from KSh1.3 billion posted in the first three months of 2019. The portfolio of non-performing [...]Co-op Bank Group Net Earnings Flat at KSh 3.6 Billion
Co-operative Bank Group has posted KSh 3.59 billion net profit in the first three months of 2020. This is compared to KSh 3.6 billion at the end of March 2019. [...]KCB Q1 Earnings Rise 8% to KSh6.3 Billion
Kenya's most profitable lender and one with the largest balance sheet, KCB Group's net earnings rose 8% to KSh 6.3 Billion at the end of Q1, 2020. This is compared [...]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 [...]
