Standard Chartered Kenya Increases Dividend by 55% as Profit Surges
Standard Chartered Bank Kenya will pay shareholders a total dividend of KSh 45 per ordinary share—55% higher than 2023—after reporting a 45% leap in net profit for 2024 to KSh [...]
KCB Group Profits Surge 65% to KSh 61.8 Bn in 2024
KCB Group has registered KSh 61.8 billion net profit in 2024, a 64.9% jump from KSh 37.5 billion in 2023 driven by an increase in revenue. However, total operating expenses increased [...]UBA Kenya Inducts 20 Graduates into Management Acceleration Programme
United Bank for Africa (UBA) Kenya has inducted 20 Kenyan graduates into its prestigious Graduate Management Acceleration Programme (GMAP). The graduates were part of the 1,138 young professionals absorbed into the [...]CBK Proposes New Banking License Fees
The Central Bank of Kenya (CBK) has proposed an overhaul of commercial banking license fees, marking the first review in 33 years. “For the purposes of these Regulations, gross annual [...]Court of Appeal Backs Bank of Baroda in Retirement Age Dispute with Union
The Court of Appeal has ruled in favor of Bank of Baroda (Kenya) Limited in a labour dispute by overturning a lower court’s decision that had declared the lender’s retirement [...]Small Construction Companies are Struggling to Repay Loans
The construction, mining, and hospitality sectors have the highest outstanding loans among micro, small, and medium enterprises (MSMEs), according to a recent CIS Kenya analysis. “Many sectors experienced volatility during [...]Banks Push for Common Reference Rate for Loan Pricing
Kenya’s banking sector is pushing for an overhaul of the existing risk based pricing model to a common reference rate, arguing that the current framework has made it hard to [...]Stanbic Declares Record Dividend as Profits Hit KSh 13.7bn
Stanbic Holdings shares rallied to KSh 167.25 on Wednesday from KSh 157.75 after the lender reported it had registered a 12.8% growth in net profit. “We deliberately shielded our customers [...]CIB and Kenya Bankers Association Partner to Equip Kenyan Youth in the Finance Banking Sector with World-Class Banking Skills
In a move set to redefine career opportunities for young Kenyan professionals in the Finance Banking sector, Commercial International Bank (CIB) and the Kenya Bankers Association (KBA) have announced [...]
Hustler Fund Repayment Crisis as Defaults Hit 64%
The Hustler Fund, which is a government-backed lending program aimed at empowering small businesses and individuals, is facing a major repayment crisis as 64% of the Fund’s total loan portfolio—equivalent [...]Listed Banks' Market Cap Soars 311% Since 2006
Between 2006 and 2024, the banking sector's market cap on the Nairobi bourse grew by 311.5%, as listed lenders outpaced their unlisted peers. Kenya’s 11 listed banks have outperformed their [...]ABSA Bank Loses Appeal Over Retrospective Employee Benefits
In a landmark decision, the Court of Appeal in Nairobi has upheld a lower court’s ruling requiring ABSA Bank — previously Barclays Bank — to extend benefits from a backdated [...]
