Family Bank Q1 2022 Net Profit up 43.7% to KSh 733.1m
Family Bank Limited posted an increase in net profit to KSh 733.1m at the end of March this year compared to KSh 510.2m over the same period last year, a [...]
Family Bank Acquires Ksh 1.95 Billion for Onward Lending to SMEs and the Education Sector
Family Bank has secured a total of Ksh. 1.95 billion, USD 17 million, from BlueOrchard Finance Ltd (BlueOrchard) managed funds to extend to the Small and Medium-Sized Enterprises (SMEs) and to support [...]
Co-op Bank Q1 Net Profit Up 65.7% to KSh 5.8B
Co-operative Bank of Kenya recorded a 65.7% increase in net profit to KSh 5.8 billion at the close of Q1 2022. This is compared to KSh 3.5 billion over a [...]KCB Records a Jump In Profits in Q1 to Ksh 9.9 Billion
KCB Group has reported a 54.6 per cent rise in profit after tax to Sh9.9 billion in Q1 2022 from Sh6.4 billion recorded in 2021. The lender attributed the rise [...]Absa Bank Kenya Q1 2022 Profit Up 22% to Ksh 3 Billion
Absa Bank Kenya PLC has on Wednesday released its financial results for the first quarter of 2022 posting a 22% growth in Profit after Tax to Ksh 3 billion. The Bank's total income [...]
Absa Bank Kenya Customers To Access Over 2200 Kenswitch ATMs
Kenswitch Kenya Limited and Absa Bank Kenya Plc have signed a partnership that will allow the bank's customers to access over 2200 ATMs on the Kenswitch network. Under the partnership, [...]Mobile Money Transactions Hit Ksh 1.82 Trillion in Q1 2022-CBK
Kenya’s mobile money use hit a new high of Sh1.82 trillion in the first quarter of 2021 as businesses fully recover from the effects of the Covid-19 pandemic, according to [...]KCB Group Appoints Paul Russo as MD CEO, Joshua Oigara leaves after 10 years at the helm
KCB Group has confirmed that Joshua Oigara, Chief Executive Officer and Managing Director of Kenya Commercial Bank (KCB) Group is stepping down at the end of May 2022, after serving [...]
Equity Introduces a Virtual Assistant ChatBot on Social Media Platforms
Equity Bank has introduced its Equity Virtual Assistant (EVA), the Bank’s chat banking platform on social media platforms including WhatsApp, Facebook Messenger, and Telegram. EVA chatbot offers digital banking and [...]CBK Raises KSh 16.9 Billion in May T-Bond Tap Sale
Central Bank of Kenya(CBK) received bids worth KSh 17 billion at the May Treasury Bonds tap sale out of the advertised amount of KSh 10 billion and accepted KSh 16.9 [...]Equity Group's Insurance Business Gets Boost from KSh400 Million Investment
Equity Group has invested KSh400 million in establishing a subsidiary that will run its insurance business as the listed firm seeks to diversify from the mainstay banking operation. According to [...]Stanbic Partners with Kericho County to Offer Financial Support to SMEs in the County
Kericho County government has signed a deal with Stanbic Bank to offer financial support to Small and Medium Enterprises (SMEs) to grow their businesses in addition to sponsoring digital skills [...]
