Pakistan's Bank Al Habib to Exit Kenya
In a strategic shift aimed at consolidating international operations, Bank Al Habib Limited (BAHL), headquartered in Pakistan, has announced the closure of its Representative Office in Kenya from May 15, [...]
Kenyan Banks' Average Lending Rates Fall to 13-Month Low
Kenya’s commercial banks' average lending rate eased to 15.77% in March 2025 — the lowest level recorded in over a year — marking a turning point after months of elevated [...]CIB Kenya Confident in Meeting KSh 10bn Core Capital Threshold by 2029, Banks on Digital Growth
CIB Kenya is exuding confidence that it will comply with the tenfold increase of the minimum core capital requirement for Kenyan banks over the next five years. Under news laws [...]
Banks Push Back on CBK's Loan Pricing Proposal, Warn of Credit Crunch
The Kenya Bankers Association (KBA) has opposed the Central Bank of Kenya’s (CBK) proposed changes to the credit pricing framework, warning that the reintroduction of interest rate controls would restrict [...]WWF Launches Inaugural Sustainable Banking Assessment for Africa (SUSBA) Report 2024
Banks in South Africa and Kenya lead Africa in the adoption and reporting of sustainable finance through Environmental, Social and Governance (ESG) integration, reveals WWF’s inaugural Sustainable Banking Assessment (SUSBA) [...]
NCBA Tanzania's Profits Fall 22.5%, Assets and Loans Grow in Q1
NCBA Bank Tanzania has posted a net profit of TZS 2.6 billion for the quarter ended 31 March 2025, a 22.5% decline from TZS 3.35 billion reported in the same [...]CBK Proposes Policy Rate as New Bank Lending Reference
The Central Bank of Kenya (CBK) has proposed a new pricing framework that would anchor all bank lending rates to the Central Bank Rate (CBR). In the regulator's proposed framework, [...]KCB to Auction Tycoon's Road Construction Firm as Pending Bills Bite
Kenya Commercial Bank (KCB) is set to auction the assets of road construction firm Nyoro Construction Company—owned by Kenyan tycoon Njoroge Njuguna—following a loan default triggered by pending bills with [...]Afreximbank Posts US$ 973.5M Profit in 2024, Expands Footprint
The African Export-Import Bank (Afreximbank) has posted a net profit of $973.5 million for the financial year ended 31st December 2024, marking a 29% rise from the previous year. Metric [...]NCBA to Pay KSh 250,000 for Sending Transaction Emails to Wrong Recipient
The Office of the Data Protection Commissioner (ODPC) has ordered NCBA Bank to pay KSh 250,000 in compensation to a customer whose personal data was mishandled. “In considering whether to [...]Central Bank, Treasury Approve National Bank's Acquisition by Access Bank
The Central Bank of Kenya (CBK) and the National Treasury have approved the acquisition of KCB Group's National Bank of Kenya (NBK) by Access Bank PLC. As part of the [...]
KCB Sets Pace With Rate Cut to 13.85%
KCB Bank Kenya has reduced its base lending rate from 14.6% to 13.85% per annum, aligning with the Central Bank of Kenya’s (CBK) recent decision to ease the Central Bank [...]
