Kenyan Banks Declare Higher Dividends for Financial Year 2021
Commercial Banks in Kenya have declared they will pay out dividends to shareholders after registering higher profits in 2021. The banks presented 2021 Full Year Financial Results this week. KCB [...]
CBK Collects KSh 18.8 Billion at Weekly T-Bills Auction
Central Bank of Kenya(CBK) Received bids worth KSh 19.9 Billion, a performance rate of 82.83% and accepted KSh 18.8 Billion out of KSh 24 Billion offered at this week's T-bills [...]
Co-op Bank of Kenya Net Profit rose to KSh 16.5 Billion in 2021
Co-op Bank of Kenya Group Profit After Tax(PAT) increased to KSh 16.5 Billion for the financial year ended 31st December 2021 compared to KSh 10.8 Billion over a similar period [...]StanChart Bank Net Earnings up 66.23% to KSh 9.04Billion in 2021
StanChart Bank of Kenya's (SCBK) net earnings for the 2021 financial year rose 66.23% to KSh 9.04Billion while the Earnings Per Share, which shows the lender's profitability also grew by [...]KCB posts 74% jump in Net Earnings to KSh34.2Billion in 2021
KCB Group Plc recorded a 74% rise in Net Earnings to KSh34.2Billion in 2021 in, what the lender attributes to growth in total income and reduction in loan loss provision [...]CBK Gives Digital Lenders Six Months to seek for Fresh Permits
Central Bank of Kenya(CBK) has given all digital lenders Kenya until September to apply for new licenses. Regulations governing Digital Credit Providers will be gazetted later this month to pave [...]CBK Seeks KSh 31.5 Billion in T-Bonds Tap Sale
Central Bank of Kenya(CBK) has invited investors to participate in the tap sale of fixed coupon 5-year, 15-year and 25-year Treasury Bonds. The sale period is between 15th March 2022 [...]Absa Bank Kenya PLC records 161% Rise in Profit after Tax to Ksh 10.9 billion, Declares Ksh 6 billion in dividends
Absa Bank Kenya PLC has today announced a growth of 161% in Profit after Tax of Kshs.10.9 billion for the full year ended December 2021. The bank said the strong [...]
Nigerian Banks Limit Foreign Currency Spending Abroad
Banks in Nigeria have suspended individual withdrawals with local debit cards abroad and toughened limits on online payments, seeking to ease foreign currency settlement risk with the country facing dollar [...]CEO Chat Online Event; DIB Bank CEO Peter Makau-March 18th 2022
Peter Makau of DIB Bank Kenya is set to hold the second session of my chat with a bank CEO online event. This is the second of three online chat [...]
KMRC Corporate Bond Begins Trading at the Nairobi Securities Exchange
The Kenya Mortgage Refinance Company PLC (KMRC) has announced the listing and the commencement of trading of the KMRC Corporate Bond on the Nairobi Securities Exchange (NSE). The Company’s first tranche [...]Standard Chartered Reports 70pc Jump In Profit Backed by Lower Cost
Standard Chartered Bank Kenya has reported a 70 percent jump in profit before tax in its 2021 full-year earnings, the highest rate in five years driven by lower costs and [...]
