Co-op Bank Records 55% Jump in Half-Year Profits to Ksh 15.3 Billion
Co-op Bank Group has posted a Sh11.5billion half-year profit marking a 55.4 per cent jump compared to Sh7.4billion reported in the same period in 2021. The improved performance was attributed [...]
NCBA Group Reports a Half Year Profit of Ksh 7.8 Billion
NCBA Group has posted a Sh7.8billion half-year profit, a 66 per cent growth from Sh4.7billion in the same period in 2021. The growth was attributed to rising income, with total [...]NBK Reports a Half Year Net Profit of Ksh 661.8 Million
National Bank of Kenya (NBK) reported a profit after tax of Ksh 661.8 million in the first six months of the year, a decline compared to Ksh 717.6 million reported [...]Equity Group Half Year 2022 Net Profit Up 36% to Ksh 24.4 Billion as customers hit 17 Million
Equity Group has announced its half year results for the period ended June 2022 recording a 36% rise in profit after tax to Ksh 24.4 Billion up from Ksh 17.9 [...]
Apply | Central Bank of Kenya Internship Program
The Central Bank of Kenya has been running an Internship Program for Kenyan graduates who want to learn new skills and gain exposure in the Banking and Finance sector. Interested [...]IM Group Reports a 16% Rise in half-year profits to Ksh 4.9 Billion
IM Group has posted a Sh4.9billion half-year net profit, a 16 per cent rise from Sh4.2 billion posted in the same period last year. The rise in the lender’s earnings [...]Shelter Afrique Appoints Thierno-Habib Hann as New CEO
Housing development financier Shelter Afrique has announced the appointment of Thierno-Habib Hann as the new Chief Executive Officer to succeed Mr. Andrew Chimphondah who left the company early this year. [...]Standard Chartered Kenya Half year Net Profit Up 11%
Standard Chartered Bank Kenya on Tuesday released its financial results for the first half of the year period ended 30 June 2022. The lender's profit before tax was up 11% [...]Uganda's Central Bank Hikes Lending Rates to 9%
The Bank of Uganda has raised interest rates for a third time to 9% from 8.5% in June, seeking to curb rising inflation. The increase takes the increase in borrowing [...]Q1 Private Sector Credit Growth Hits 5 Year High CBK
For the first time since 2017, private sector credit growth recorded double-digit growth in quarter one of this year according to the latest data from the Central Bank of Kenya. [...]TymeBank Announces Plans to Acquire Retail Capital
South Africa-headquartered TymeBank has announced plans to acquire Retail Capital, an SME-focused organisation providing alternatives to traditional business loans in the form of funding and asset finance. Launched in 2011, [...]Banking Sector Tax Contribution Hits a 5-Year High of Ksh 129.52 Billion in 2021
The Kenyan banking sector registered the highest tax contribution in five years, a survey byPrice Waterhouse Coopers(PWC) Limited shows. The survey which was prepared in conjunction with Kenya Bankers Association [...]
