Family Bank 9-months Profits Up 8% to KSh 2.3bn
Family bank has posted KSh 2.3 billion net profit for the 9 months to September from KSh 2.1 billion in the same period in 2023. “As a Bank, we enhanced [...]
Citibank Kenya Profits up 25.8% in Q3
Foreign owned Citibank Kenya has posted a KSh 8.1 billion in profit after tax in the 9 months to September, a 25.8% increase from KSh 6.5 billion recorded in the [...]Choice Microfinance Gains Nationwide Status after Central Bank Greenlight
The Central Bank of Kenya (CBK) has approved Choice Microfinance Bank to transition from a community microfinance bank to a nationwide microfinance bank. “The Central Bank of Kenya on 4th [...]Central Bank Moves to Protect Lenders From Liquidity Shocks
The Central Bank of Kenya (CBK) has proposed that commercial banks raise their share in liquid assets to cover panic withdrawals and cushion against cases of severe financial stress within [...]StanChart Kenya's Q3 Profits Surge 63%
Standard Chartered Bank Kenya posted a KSh 15.8 billion net profit in the 9 months to September, a 63% uptick from KSh 9.7 billion recorded in the same period in [...]KCB Group's 9-Month Profits Surge to KSh 45.8bn
KCB Group posted a KSh 45.8 billion net profit in the 9 months to September, a 49% uptick from KSh 30.7 billion recorded in the same period in 2023. “We [...]NCBA Bank Takes Over Unga Group’s KSh 860mn Loan from Absa
NCBA Bank Kenya has taken over a KSh 860 million loan from Absa Bank Kenya to Unga Group, which was due in June 2024. “The facility taken over by NCBA [...]IM Bank Declares Dividends as Profit Jumps to KSh 9.9 Bn
IM Group posted KSh 9.95 billion in net profits in the 9 months to September, a 21.3% uptick from KSh 8.2 billion recorded in the same period in 2023. “The [...]Kenya Bankers Association Report Unearths Gaps Banks Must Seal to Create Sustainable Future
The Kenyan banking industry still has homework to do in improving transparency, addressing greenwashing, facilitating capital mobilisation and empowering market participants to identify and invest in sustainable assets. “As highlighted [...]Stanbic Reports Ksh 10.1bn Profit After Tax in Q3
Stanbic Bank has announced a Ksh 10.1 billion profit after tax for the nine-month period ended September 30, 2024. Operating costs decreased by 5% on harnessing previous investments aimed at [...]Angola Maintains 19.5% Interest Rate as Inflation Pressures Persist
Angola's central bank maintained its benchmark interest rate at 19.5% for a third time on Tuesday, citing a potential slowdown in headline inflation. “However, its level remains high, requiring the [...]Absa Kenya Profits Up 20% KSh 14.8Bn in Q3
Absa Group has posted a 19.8% increase in net profit to KSh 14.8 billion in the 9 months to September from KSh 12.3 billion recorded in the same period in [...]
