CBA Group Q3 2019 summary
Commercial Bank of Africa (CBA) released their Q3 results for the period ended 30th September 2019. It reported a total interest income of Ksh 15 billion; a 2% increase from [...]
NIC Bank Q3 2019 Summary
NIC Bank (Now part of NCBA Group) released its Q3 results for the period ended 30th September 2019. It reported an interest income of Ksh 13.8 Billion, an increase of [...]Bank of Africa Kenya Ltd posts KSh 100.7 million net earnings
Bank of Africa(BoA) Kenya Limited has recorded an increase in net earnings for the nine months of this year to KSh 100.6 Million from KSh 62.5 Million over a similar period [...]
South African Conglomerate Standard Bank ups Stake in Kenyan Subsidiary
South African-based Standard Bank Group, considered the largest African banking group by assets with a market capitalization of approximately US$23 billion, has received a nod from Capital Markets Authority (CMA) [...]Non-Funded Income Drives Banks' Q3 Profits
Banks in Kenya heavily relied on non-funded income (NFI) to drive profit, as evident in the quarter three results. Between January and September, Kenya's five biggest banks recorded a net [...]NCBA Names New Board After Completion of Merger
NCBA has announced a new board following successful completion of the merger. The bank group named Former NIC Chairman, James Ndegwa, as the Group Chairman. On the other hand, Isaac [...]DTB Partners with Simba Corporation to Fund SMEs
Diamond Trust Bank (DTB) has partnered with Simba Corporation so as to fund Small and Medium Sized Enterprises (SMEs). The partnership seeks to enable SMEs acquire new Fuso trucks. The [...]Sidian Bank Secures KSh2 Billion Loan from Dutch lender
Sidian Bank has received KSh2 billion funding from the Dutch Entrepreneurial Bank. The 5-year loan will be used to further the bank's investment in affordable credit to its SME clients, [...]Barclays Transition to Absa 80% Complete
Barclays Bank Kenya (BBK) reports that the transition into Absa is 80 per cent complete and has gobbled up Ksh 910 million. In nine months to September 30 2019, Barclays [...]
StanChart Q3 Earnings drop slightly to KSh 6.2 billion
Standard Chartered Bank Kenya (SCBK) Limited has announced a slight fall in net earnings to KSh6.2 Billion for the nine-month period ending 30th September 2019. This is compared to net earnings [...]Stanbic Bank Signs KSh 3Bn Partnership Deal with CMEC
Stanbic Bank Kenya entered intp a partnership deal China Machinery Engineering Corporation (CMEC) Kenya. The deal has seen the lender sign a KSh3 billion bank guarantee that seeks to enable [...]Household items top list of security for Bank loans
Household items are the most commonly used moveable assets by individuals to secure short-term loans from lenders in Kenya. Other movable properties that is securitisable include motor vehicles, furniture, office [...]
