India Exim Bank to Set Up in Kenya
India Exim Bank has been given the green light by the Government of Kenya to locate its East Africa representative office in Nairobi. Exim Bank has previously provided Kenya with [...]
Stanbic Bank Kenya Profits Up 32.7% to KSh 9.3 billion
Stanbic Bank Kenya Limited has posted a net profit of KSh 9.3 billion in Q3 2023 compared to KSh 6.9 billion over the first nine months of 2022, a growth [...]CBK Collects KSh 26.6 Billion at Weekly T-bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 27.6 billion at this week’s treasury bills auction, a performance rate of 115.1%. The 182-day treasury bills received bids worth KSh 2.37 [...]Rebecca Mbithi Exits Family Bank After 5 Years as CEO
Family Bank Chief Executive Officer Rebecca Mbithi, who steered the lender through a turbulent season that included the COVID-19 pandemic, has left the institution after a five-year term at the [...]
KCB Group Profits Rise Marginally, Assets Surpass KSh. 2trn
KCB Group is now the first bank in the region with an asset size over Kshs. 2trillion.State to Share Data on 7M Creditworthy Hustler Fund Borrowers with Banks
The government will share 7 million consistent Hustler Fund borrowers' data with banks for bigger loan consideration. “These are individuals who could not access credit from banks and other financial [...]StanChart's Net Profit Up 11.8%, Lender Dumps Bonds
StanChart Bank Kenya (SCBK) has posted a net profit of KSh 9.7 billion in Q32023. This is despite the lender halving its government bond holdings, taking a loss in process, [...]Kenyan Banks are Grappling With IFRS, Enhancing Automation CBK Survey
A number of Kenyan banks are still grappling with how to implement several International Financial Reporting Standard (IFRS) standards, especially (IFRS) 9 on Financial Instruments, which came into effect on [...]Equity to Complete Acquisition of Cogebank in November, Records KSh 36.2b Net Profit
Equity Group is expecting to finalise the acquisition of Rwanda’s Compagnie Générale de Banque, better known as Cogebank, by the end of November. The banking group made the disclosure on [...]Co-Op Bank Posts 7.6% Growth in Net Profit to KSh 18.4Billion
Co-Op Bank of Kenya Group recorded a net profit of KSh 18.4 billion at the end of the third quarter of 2023, marking a 7.6% growth in earnings driven by [...]2023 Sees Record Entries as Banks Vie for Top Spots in Environmental Impact
The Kenya Bankers Association (KBA) has acknowledged 26 banks for their outstanding commitment to fostering positive environmental impact through sustainable lending practices. In a ceremony marked as the 7th edition [...]
KCB Group: What’s in a Valuation?
In the ever-evolving landscape of banking and finance, the Nairobi Securities Exchange (NSE) has witnessed a significant shift in the valuation race, with some of the largest companies facing a [...]
