How Banks Can Help MSMEs Scale Up by Leveraging on Till Payments
A lot has been said and written concerning MSMEs and their invaluable role in local economies. Despite their informal status, MSMEs enable communities around them to access basic commodities and [...]
CBK Raises an Extra KSh32 Billion in August Tapsale
The Central Bank of Kenya (CBK) has raised a further KSh32.02 billion from the tap sale of the August Infrastructure bond reopened last week. The 17 year paper was undersubscribed [...]DTB Half Year Profits Surge 11.5% Despite Rising NPLs and Operating Costs
Diamond Trust Bank (DTB) reported an 11.5% increase in after-tax profits for the first half of 2024, reaching Ksh 4.9 billion. This growth was primarily driven by a 15.1% rise [...]
Absa Bank Kenya H1 Profit Jumps to KSh10.7 Billion
Absa Bank Plc, the kenyan unit of South Africa's Absa Group, said its profit after tax for the half year 2024 jumped to KSh10.7 billion from KSh8.3 billion recorded in [...]Podcast: UBA Kenya CEO Mary Mulili on Leadership, Innovation, and Empowering Women in Finance
Mary Mulili, the Managing Director and CEO of UBA Kenya, shares her leadership journey and the key drivers of success in the banking industry. She emphasizes the importance of customer [...]Standard Chartered Kenya H1 2024 Profits Surge By 49%
Standard Chartered Bank Kenya has registered a 49 percent jump in profits after tax to KSh 10.9 billion in the first half of 2024 from KSh 6.9 billion recorded in the [...]NCBA Group Posts KSh9.8 Billion Profit in H1 2024
NCBA Group has posted a 5 per cent increase in half year profit to KSh9.8 billion compared to the same period in 2023. The Group continued to accelerate and promote [...]KCB Posts 86% Jump in Profits to KSh29.9 Billion in H1 2024
KCB Group has posted an 86.4 per cent jump in profits to KSh29.9 billion in the first half of 2024 compared to KSh16.1 billion recorded in the same period 2023. [...]IM Group Posts KSh6.1 Billion Profit in H1 2024
IM Group PLC posted a profit of KSh6.1 billion in the first half of this year, a 21% growth from KSh5.03 billion during the same period last year. Customer deposits [...]Equity Bank Suffered Two Heists Worth Kshs. 2.5bn on July 10th-Reports
Equity Group's Kenyan subsidiary was raided twice, likely by insiders, on the same day last month, The Daily Nation has reported in the latest in this ongoing saga. According to [...]Equity Bank Replaces Kenya MD After KShs. 1.5bn Insider Heist
Equity Bank (Kenya), a subsidiary of Equity Group, has appointed Moses Okoth Nyabanda as acting managing director after the early retirement of Gerald Warui, the lender announced on Friday. The [...]Co-Op Bank's Half Year Profits Up 7%, South Sudan Subsidiary Registers Losses
Co-operative Bank of Kenya's (Co-op Bank) net profit for the half-year has jumped to KShs. 13 billion compared to KShs. 12.1 billion during a similar period in 2023. Apart from [...]
