Absa Bank Kenya's H1 2023 Net Profit Surges 32% to Ksh 8.3 Billion
Absa Bank Kenya has announced its financial results for the first half of 2023 with revenue surging by an impressive 31%, reaching Kshs.27.4 billion. During the reviewed period, Absa Bank [...]
Family Group HY 2023 Net Profit Drops 12.5% to KSh 1.4 Billion
Family Group Net Earnings fell to KSh 1.4 billion at the end of six months ended 30th June 2023 compared to KSh 1.6 billion in HY 2022, a decline of [...]
Kenya's Banking Sector Balance Sheet Size Hits KSh 7.1 Trillion
Banking Sector in Kenya's total assets increased by 4.2 % to KSh 7.052.4 trillion in June 2023, from KSh 6.77 trillion in March 2023. According to data from the Central [...]IM Group Plc HY 2023 Net Earnings Up 2.2% to KSh 5 Billion
IM Group posted a 2.2% increase in Profit After Tax to KSh 5.033 Billion at the end of the six-month period ended 30th June 2023 compared to KSh 4.9 Billion [...]Diamond Trust Bank(DTB) Kenya HY Net Profit Rises 10.2% to KSh 4.4 Billion
Diamond Trust Bank(DTB) Kenya posted a 10.2% increase in net profit to KSh 4.358 Billion at the end of the six-month period ended 30th June 2023 compared to KSh 3.956 [...]NCBA Group Plc to Issue a Fat KSh 471.8 Million Dividend Cheque to Shareholders
NCBA Group has declared an interim dividend of KSh 1.75 per share, or payment of a total of KSh 471.8 Million to its shareholders, making it the second listed lender [...]KCB Group Records 17.9% Decline Net Profit in First-Half of 2023
KCB Group Plc has recorded a Profit After Tax of KES 16.1 Billion for the first half of 2023, representing a decline of 17.9% compared to the same period in [...]Kenya’s Banking Industry Emerges Strong in 2022 -SBI Report
Improved activity in Kenya’s private sector led to credit growth in banking industry, reaching double-digit levels last year. According to the State of Banking Industry Report 2023 by the Kenya [...]Standard Chartered Kenya Half Year Net Profit Up 28% to KSh 6.9Billion
Standard Chartered Bank Kenya posted a 28% rise in Net Earnings to KSh 6.91 Billion at the end of the six months’ period ended 30th June 2023. This is compared [...]CBK Seeks KSh 21 Billion in Another Treasury Bonds Tap Sale
The Central Bank of Kenya(CBK) is seeking to raise KSh 21 billion from the market, just days after rejecting numerous bids in a similar tap sale. The state fiscal agent [...]Sidian Group Half-Year Net Profit Drops 16.5% to KSh 209.9 Million
Sidian Group's Net Profit for the period ended 30th June 2023 declined by 16.5 percent to KSh 209.9 million. The Sidian Group balance sheet size shrunk by 0.7% to KSh [...]Stanbic Commits to Sustainable Projects
Stanbic has affirmed commitment towards ensuring a just transition for clients and the community through financing solutions that enable climate adaptation and mitigation in a sustainable and inclusive way. This [...]
