Depositors in 3 Collapsed Banks to Receive KSh200 Million from KDIC
Depositors in 3 collapsed banks are set to receive KSh200 million from the Kenya Deposit Insurance Corporation (KDIC), after a successful recovery process and sale of assets of the banks [...]
DTB Net Earnings up 25.7% to KSh 4.4 B in 2021
Diamond Trust Bank(DTB) Net Earnings increased to KSh 4.4 Billion in 2021 compared to KSh 3.5 Billion over a similar period in 2020, an increase of 25.7%. The Group's loans [...]
CBK Temporarily Bans Ecobank from Forex Trading
The Central Bank of Kenya (CBK) has barred Ecobank from foreign exchange trading in Kenya between March 29 and April 4 as part of regulatory action citing unsafe trading practices. [...]
Ghana's Central Bank Hikes Interest Rate to 17%
Ghana’s central bank has announced its largest-ever interest rate hike to halt the country’s spiralling inflation fed by global tensions in Europe. The Bank of Ghana increased its primary lending [...]Sidian Bank’s net profit jumps to Sh486 million in 2021 compared from Sh19 million in 2020
Sidian Bank, a mid-tier bank focused on Small and Medium Enterprises (SMEs) has recorded an increase in its consolidated net profit to Sh486 million for the year to 31 December [...]CBK Collects KSh 13.2 Billion at T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 13.4 Billion at the Weekly Treasury Bills Auction out of the KSh 24 Billion on offer. This was an undersubscription of 55.76%, [...]NCBA Group Set to Expand Operations in West Africa
NCBA Groupis negotiating with a Ghanaian lender with the aim of agreeing on a partnership to expand in the West African market, according to Chief Executive Officer John Gachora. “We’re [...]StanChart Bank Kenya Rolls Out 5th Women-in- Tech Incubator Programme
StanChart Bank Kenya(SCBK) has rolled out the 5th edition, a program that will see 5 women-led startups get KSh 1 million in seed fund each and post-incubation support in mentorship [...]Banks disburse a paltry KSh 2.1 Billion to MSMEs through State Credit Guarantee Scheme
Banks disbursed a total of KSh 2.11 Billion to support 1,291 Micro, Small and Medium-Sized Enterprises(MSMEs) through the state-run Credit Guarantee Scheme(CGS) in 2021. In the 2020/21 financial year, the [...]NCBA Group Net Profit Doubled to KSh 10.2 Billion in 2021
NCBA Group Plc more than doubled its net earnings for the financial year ended 31st December 2021 to KSh 10.2 Billion from KSh 4.6 Billion posted over a similar period [...]Ethiopia to Open Up its Banking Sector to Foreign Competition
Ethiopia has set up plans to liberalize its banking sector, opening up the space for Kenya's KCB and Equity Group- the two lenders on an aggressive regional expansion campaign. A [...]Equity Group Net Profit Rises 99% to KSh 40.1 Billion in 2021
Equity Group Holdings posted a Profit After Tax(PAT) of KSh 40.1 Billion from KSh 20.1 Billion in 2020, an increase of 99%. According to the Equity Group's audited financial statements [...]
