Central Bank of Kenya begins Regulating Digital Lenders
The Central Bank of Kenya (CBK) has announced the publication of the Central Bank of Kenya (Digital Credit Providers) Regulations, 2022 that seek to regulate digital lending service providers. The [...]
CEO Chat Online Event; Rafiki Microfinance Bank CEO Joseph Njuguna- March 25th 2022
The third session of KBA'S my chat with a bank CEO online event is set to be hosted by Joseph Njuguna CEO of Rafiki Microfinance Bank. This is the last [...]
CBK is Polishing M-Akiba to Enhance its Appeal to Investors
The Central Bank of Kenya (CBK) is relaunching the M-Akiba product and will go live by June this year. All this is in an effort to entice investors to take [...]
KCB Group Moves Acquisition Plans in DRC into Top Gear
Kenya Commercial Bank (KCB) Group plans to acquire a lender in the Democratic Republic of Congo (DRC), as its regional expansion plans move to full throttle. The Kenyan lender will [...]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 [...]
