US Company Discards Bid for Imperial Bank Assets
Amassment Corporation, a US-based financial company,has discarded its KSh49 billion bid for Imperial Bank Assets. The firm says they reached the decision after Kenya Depositors Insurance Corporation (KDIC) showed signs [...]
Barclays Unveils First Absa Branded Branch
Barclays Bank Kenya has revealed that it has opened the first Absa branded branch at Sarit Centre, Westlands, Nairobi. Moreover, Barclays via their Twitter say that their branches are looking [...]
Danish Investment Fund Acquires KSh2 Billion Stake in TDB Bank
The Danish Investment Fund has acquired a KSh2 billion stake in the Trade and Development Bank (TDB), formerly known as PTA Bank. The Danish firm has become the bank's largest [...]Equity Bank's New Look and Regional Expansion
Equity Bank started 35 years ago as a small lender in Murang’a. It was established by the former Chairman Peter Munga. The lender has since evolved into a financial powerhouse [...]Equity Group CEO Ranked Among Bloomberg’s Top 50 Business Leaders
Equity Group Chief Executive Officer, James Mwangi, has been ranked among the world's top 50 business leaders by Bloomberg. The ranking, dubbed Bloomberg 50, takes into consideration the world’s top [...]Equity Group Aims to be in 15 African Countries by 2026
Nairobi headquartered Equity Group Holdings (EGH) is targeting to expand to 15 African countries by 2026. Speaking to Bloomberg, Dr James Mwangi, said the bank is looking to capitalize on [...]Egyptian lender CIB to Acquire Kenya's Mayfair Bank
The Commercial International Bank (CIB), an Egyptian private sector lender has announced plans to acquire a stake in Mayfair Bank Limited in Kenya. READ; Egyptian lender CIB to Make an [...]Exim Bank Opens in Ethiopia
Exim Bank Group has opened its first office in Addis Ababa, Ethiopia. This, therefore, makes it the first Tanzanian Commercial bank to be granted an operational license in Ethiopia, through [...]KCB Group Redesigns its Mobiloan Product as Virus hits Loan Book
KCB Group has put into top gear, plans to pull the plug on its Mobiloan product, to be replaced by its freshly minted version dubbed Vooma loan, effective 23rd December, [...]
ABC Bank Q3 Net Earnings Drop to KSh 43.6 Million
ABC Bank Group Net Earnings fell from KSh 67.5 Million in the first nine months of 2018 to KSh 43.6 Million at the end of the third quarter of this [...]Kenya’s Banking Industry Earns Favourable Rating
A repeal of the rate cap law and more mergers and acquisitions in Kenya’s banking industry continues to attract favourable credit ratings. South African-based SP Global Ratings, in its latest [...]CBK Grants a License to Muungano Microfinance Bank
Central Bank of Kenya has granted an operational license to Muungano Microfinance Bank Plc. The license will enable Muungano to carry out community-based microfinance banking business. With this, Muungano becomes [...]
