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    DTB Posts KSh 8.36Bn Q3 Profit as Interest Income Jumps 17.9%

    DTB Posts KSh 8.36Bn Q3 Profit as Interest Income Jumps 17.9%

    Diamond Trust Bank’s Q3 2025 profit rose 12.3% to KSh 8.36Bn, driven by strong lending growth and a 17.9% rise in net interest income.
    Harry
    Harry Njuguna
    3 months ago
    Stanbic's Q3 Profit Dips 7.5% to 9.38Bn on Lower Non-Funded Revenue

    Stanbic's Q3 Profit Dips 7.5% to 9.38Bn on Lower Non-Funded Revenue

    Stanbic Bank Kenya reported a softer Q3. Profit after tax fell 7.47 percent to 9.384Bn as non-funded income dropped 24.54 percent to 7.820Bn. Operating income declined 3.48 percent to 28.327Bn. Interest income improved with net interest income up 8.02 percent to 20.507Bn. The loan book grew 15.72 percent to 253.144Bn and deposits rose 4.88 percent to 343.854Bn. Asset quality improved with NPLs down 8.25 percent.
    Harry
    Harry Njuguna
    3 months ago
    NCBA Lifts Q3 Profit to KSh 16.4Bn Despite Higher Loan Loss Charges

    NCBA Lifts Q3 Profit to KSh 16.4Bn Despite Higher Loan Loss Charges

    NCBA posted a stronger Q3 with profit after tax at KSh 16.4Bn, up 8.5 percent. Operating income rose to KSh 53.4Bn while loan loss charges increased 24.5 percent to KSh 5.1Bn. Customer deposits and assets fell as lending stayed soft. Digital lending crossed KSh 1Tn, showing the Group’s strongest growth driver.
    Harry
    Harry Njuguna
    3 months ago
    KCB Nine-Month Profit Rises 6.9%, Deposits Dip

    KCB Nine-Month Profit Rises 6.9%, Deposits Dip

    KCB Group has posted a profit after tax of KSh 47.3Bn for the nine months to September 2025 on stronger interest income, tighter cost control
    Harry
    Harry Njuguna
    3 months ago
    Citi Rolls Out Advanced AI Tools in Kenya

    Citi Rolls Out Advanced AI Tools in Kenya

    Global rollout of advanced AI tools now live in Kenya, part of a strategic expansion across 80 markets, with a strong emphasis on the Middle East and Africa. • Over 200 employees in Kenya, among 150,000 globally, gain access to AI tools designed to boost productivity, streamline operations, automate tasks, and deepen data insights. • Expected to significantly improve client service and experience by enabling employees to focus on strategic initiatives and personalized client engagement.
    Business
    Business Reporter
    3 months ago
    Absa Bank's Q3 Profit Up 14.7% to KSh 16.9Bn, Lending Falls Again

    Absa Bank's Q3 Profit Up 14.7% to KSh 16.9Bn, Lending Falls Again

    Absa Bank Kenya reported a Q3 2025 profit of KSh 16.9Bn, up 14.7%, supported by lower costs and a 39.6% drop in impairments. Net interest income fell 4.6% to 32.95Bn, the first decline since 2017, after loan interest dropped to 32.60Bn from 40.59Bn. The loan book shrank for a second year to 309.7Bn while investment in government securities rose to 119Bn. Operating income held at 46.56Bn as non-interest income grew 11.2%.
    Harry
    Harry Njuguna
    3 months ago
    Kenyan Businessman Ashok Doshi Withdraws Lawsuit Against CBK Over Imperial Bank Liquidation

    Kenyan Businessman Ashok Doshi Withdraws Lawsuit Against CBK Over Imperial Bank Liquidation

    Ashok Doshi, has withdrawn his long-running lawsuit against the Central Bank of Kenya (CBK) challenging the liquidation of Imperial Bank.
    Brian
    Brian Nzomo
    3 months ago
    Inside the 43-Year Standard Chartered–Manchester Outfitters Feud

    Inside the 43-Year Standard Chartered–Manchester Outfitters Feud

    A 1982 loan sparked a 4-decade legal battle over whether a debenture remained valid after the facility was restructured.
    Harry
    Harry Njuguna
    3 months ago
    Why Credit Access Needs to Be Recognised as a Human Right

    Why Credit Access Needs to Be Recognised as a Human Right

    Ouma challenges policymakers and financial institutions to rethink financial inclusion beyond access to accounts — toward guaranteed access to capital.
    Julius
    Julius Ouma
    3 months ago
    AfDB Approves US$ 310mn for FirstRand Bank

    AfDB Approves US$ 310mn for FirstRand Bank

    The African Development Bank (AfDB) has approved a $310 million financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group
    Staff
    Staff Reporter
    3 months ago
    Co-op Bank Announces Maiden Interim Dividend as Q3 Profit Hits KSh 21.6Bn

    Co-op Bank Announces Maiden Interim Dividend as Q3 Profit Hits KSh 21.6Bn

    Co-operative Bank has reported 21.56 Bn profit after tax in Q3, up 12.3%, as operating income reached 67.38 Bn and assets rose to 815.27 Bn.
    Harry
    Harry Njuguna
    3 months ago
    Nigerian Billionaire Tony Elumelu Bets US$150mn on Kenya’s Infrastructure and Energy Growth

    Nigerian Billionaire Tony Elumelu Bets US$150mn on Kenya’s Infrastructure and Energy Growth

    Tony Elumelu, has signaled a renewed focus on Kenya, committing US$150 million to infrastructure and energy initiatives to reinforce the country’s position as an East African investment hub.
    Brian
    Brian Nzomo
    4 months ago

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