CBK Seeks KSh 65Bn in Merged April T-Bonds Tap Sale
Central Bank of Kenya (CBK) has invited investors to participate in the primary bond market through the re-opened two–year fixed coupon Treasury Bond tap sale, where the state fiscal agent [...]
Bank of Uganda Downgrades 3 Tier 1 Banks to Credit Institutions
Three commercial banks in Uganda will transition from Tier I commercial banks to Tier II credit institutions , the Bank of Uganda said in a statement on Wednesday. “The three [...]
Angaza Awards Unveils 2024 Top 10 Women Shaping Africa's Financial Sector
The Angaza Awards for Women in Banking, Finance, and Investment has unveiled the Top 10 women shaping Africa's financial services landscape. After a four-month submission period, attracting professionals from 11 [...]
NCBA Group Reports 56% Surge in Net Profit To KES 21.4 billion
NCBA Group recorded a 55.7% increase in after-tax profits, reaching KES 21.4 billion for the full financial year 2023. This growth was attributed to a combination of factors, including a [...]Equity Group’s Profit Drops by 5% to KSh 43.7 Billion in 2023
Equity Group’s profit after tax for the period ending 31 December 2023 declined by 5 per cent to KSh 43.7 billion from KSh 46.1 billion in 2022. The decline in [...]DTB Group Full Year 2023 Net Profits Surges 15% To Ksh 7.8 Billion
Diamond Trust Bank Group has announced its financial results for the full year 2023, with after-tax profits growing by 14.7% to KES 7.8 billion. There was a notable surge in [...]Co-op Bank Net Profit Up 5.2% to KSh 23.2 Bn
Co-operative Bank of Kenya has recorded a 5.2 percent growth in net earnings to KSh23.2 billion in the financial year ended December 2023 compared to KSh 22 billion at the [...]KCB Group’s Profit Drops to KSh 37.5 bn, No Dividend in 2023
KCB Group recorded a decline in net profit in 2023 with the lender linking the performance to bad debt and other costs. The ratio of non-performing loans (NPLs) dropped to [...]KCB to Sell National Bank of Kenya to Access Bank
KCB Group CEO Paul Russo has confirmed that the regional lender is in the process of selling its struggling subsidiary National Bank to Nigerian lender Access Bank. The board evaluated [...]National Bank Urges Calm after News of its Sale by KCB Group
The National Bank of Kenya (NBK) has downplayed its likely sale by the KCB Group assuring its customers that all was well and business operation was usual. “We want to [...]CBK Govt. Securities Trading Portal Wins Global Award
Central Bank of Kenya's (CBK’s) DhowCSD platform has been named the winner of Central Banking’s Payments and Market Infrastructure Initiative Award. CBK’s DhowCSD platform went live on July 31, 2023, [...]Absa Profits Grow 12% to KSh 16.4 Billion
Absa Bank Kenya Plc has announced a 12% increase in net profit to KSh 16.4 billion for the financial year ended 31st December 2023. These financial results come at a [...]
