Relief for Loan Guarantors as New Bill Seeks their Protection
A New bill that seeks to protect an individual who guarantees a Bank or Sacco loan taken out by a defaulting borrower from the auctioneer’s hammer, is set to be [...]
Absa Bank Kenya Q1 2023 Net Profit Up 51% to KES 4.5 billion, Assets Cross half-trillion mark
Absa Bank Kenya PLC has reported its financial performance for the first quarter of 2023 recording a growth of 51% in its Profit after Tax, reaching Kshs. 4.5 billion compared [...]
Joseph Kinyua Elected Chairman of KCB Group
Kenya Commercial Bank (KCB) Group Plc has announced the election of Dr. Joseph Kinyua as the new Chairman of the Board, subject to regulatory approval. The appointment follows the retirement [...]IM Bank Q1 Earnings Unchanged
IM Bank has released its financial results for the first quarter of 2023 posting a flat Profit After Tax of KES 2.7 billion. During the quarter, the bank's total assets [...]NCBA Group Q1 Net Profit Up 50% Driven by Surge in Forex Income
NCBA Group Plc has announced its financial results for the first quarter of 2023 reporting an impressive profit after tax (PAT), which reached KES 5.1 billion, representing a remarkable 50% [...]KCB Group's Q1 2023 Earnings: PAT Unchanged, Surge in Customer Deposits
KCB Group has released its financial results for the first quarter of 2023 posting a decline of 1.1% in profit after tax, amounting to KES 9.8 billion. However, the bank's [...]Kingdom Bank Surges Up the Ranks in Kenya's Banking Sector
The Central Bank of Kenya (CBK) has released the 2022 Bank Supervision Annual Report in line with its mandate of promoting and maintaining the safety, soundness and integrity of Kenya’s [...]Kenya Bankers Association Urges Central Bank to Retain Interest Rate
The Kenya Bankers Association (KBA) has urged the Central Bank of Kenya (CBK) to retain its benchmark interest rate, the Central Bank Rate (CBR), at 9.50% during its upcoming meeting [...]Mauritian PE Fund Shorecap III, LP Acquires 20% Stake in Kenya's Credit Bank
The Central Bank of Kenya (CBK) has made an official announcement regarding the acquisition of a 20 percent shareholding in Credit Bank PLC (CBP) by Shorecap III, LP (Shorecap). This [...]Equity Group Achieves Strong Q1 Profit Growth and Regional Expansion
Equity Group, a leading banking conglomerate, has announced its financial results for the first quarter of 2023, posting an 8% increase in Profit After Tax to Ksh. 12.8 billion compared [...]Stanbic Bank Q1 2023 Profit Up 84% To Kes 3.9 Billion
Stanbic Bank has reported a profit after tax of KShs. 3.9 billion for the first quarter ended 31st March 2023. This marks an 84% increase in earnings, which the bank [...]Akin Dawodu: Citi’s Cluster Head for Sub Sahara Africa on the State of Banking
Akin Dawodu's background and how he ended up in the banking industry Akin Dawodu has been Citibank’s Cluster Head for Sub Sahara Africa (SSA) since November 2019, providing business oversight [...]
