Top Digital Banking Apps in Kenya
From the introduction of M-Pesa in 2007 to the rapid rise of digital banking apps, the industry has consistently adapted to meet the evolving needs of its customers. Today, banking [...]
Bankers Push for Further Rate Cuts by the Central Bank
Bankers have urged the Central Bank of Kenya (CBK) to further cut its benchmark rate at its final Monetary Policy Committee (MPC) meeting of the year on 5th December 2024. [...]
HF Group Q3 Profit Surges by 105% Amidst Rights Issue
HF Group Plc has reported its financial results for the third quarter of 2024, posting a 105% year-on-year growth in profit after tax to KES 483 million, up from KES [...]
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 [...]
