CBK to Take Action Against Rogue Banks'
The Central Bank of Kenya is set to gauge how; banks respond to customer needs, price their loans, how transparent they are and to what extent they engage in ethical [...]
Stanbic Bank pushes Q3 Net Earnings to KSh 5.1 billion
A leaner Stanbic Bank Kenya Limited recorded an increase in net earnings to KSh 5.1 billion in September this year compared to KSh 4.7 billion in the first nine [...]IM Bank Net Earnings Hit KSh 6.6 Billion in Q3
Kenyan-based IM Bank Group posted net earnings of KSh 6.6 billion at the end of nine months of 2019. This is compared to KSh 5.9 billion made at the end [...]US Company Makes Another Bid for Imperial Bank Assets
Amassment Corporation, a US-based financial company, is seeking to make another try at acquiring the assets of Imperial Bank. This comes after they cited readiness to lower KDIC's contribution in [...]
GTBank Doubles Profits to KSh 508.8 Million
Guaranty Trust Bank Group Kenya Limited posted net earnings of KSh 508.8 Million at the end of nine months of this year. This is compared to KSh 265.6 Million [...]Middle East Bank Kenya Q3 Earnings Jump to KSh 70.1 Million
Middle East Bank Kenya Limited Limited (MEB) net earnings increased to KSh 70.1 million at the end of the third quarter, 2019. This is compared to a loss of KSh [...]Equity Group’s US $105 Million Deal with DRC Bank Gets Stable Outlook
Kenya-based Equity Group Holdings' move to purchase 66.5 percent of Banque Commerciale Du Congo (BCDC), a Congolese lender, has received a stable outlook from Moody’s. Moody's Investors Service is a [...]CBK post-MPC Media Briefing Updates
Governor Dr Njoroge hosts the post MPC media briefing to elaborate on the reduced CBR rate and comment on the economy. NPLs at 12.3% is not an ideal level. A [...]
Family Bank Q3 Pre-Tax Profits hit KSh 1billion
Pre-tax profits for Family Bank Group rose to KSh 1.0 billion at the end of the third quarter of this year. This is compared to KSh 269.87 million over a [...]German Development Bank Partners with Allianz Global to Offer $188 Million for African Ventures
The German development bank KfW has partnered with Allianz Global to launch a fund worth $188 million to help finance startups and SMEs. The fund, dubbed AfricaGrow, will finance 150 [...]Bank of China Issues $4.27 Billion of Tier-2 Capital Bonds
The Bank of China has issued $4.27 billion of tier-2 capital bonds. This is the second batch it is issuing after the issuance of the first batch of capital bonds [...]Banks' Bad Debts Double in Three Years
Kenyan banks continue to record rising nonperforming loans (NPLs). A report from the Central bank shows that NPLs rose from 12.4% to 12.6% between July and August 2019. Moreover, third-quarter [...]
