CBK Records a drop in Net Surplus to KSh 36.9 Billion in 2020/21
The Central Bank of Kenya(CBK) posted a net surplus of KSh 36.9 Billion in the financial year ended 30th June 2021. This is a decline compared to a net surplus [...]
Kenya's President Kenyatta spells Crucial Interventions for the Banking Sector
President Uhuru Kenyatta has urged the country's National Treasury and other stakeholders to immediately revise upwards the cash transactions threshold for KSh 1.0 Million applicable to both withdrawals and deposits [...]Kenya Bankers Association Sign Deal to Create Sign Language Mobile App
Kenya Bankers Association (KBA) has entered a partnership with Financial Sector Deepening Trust (FSD Kenya) and software engineering firm Deaf eLimu Plus to create the first bank-environment Kenyan Sign Language [...]CBK Issues Guidance on Climate-Related Risk Management
The Central Bank of Kenya (CBK) announces the issuance of Guidance on Climate-Related Risk Management to commercial banks and mortgage finance companies. The Guidance is intended to enable banks to [...]Joe Muganda Joins Stanbic Board
Stanbic Holdings Plc has announced the appointment of Mr Joseph Muganda as an Independent Non-Executive Director on the Board effective Tuesday 12th October 2021. Mr Muganda’s addition to our Board [...]
CBK Collects KSh 52 Billion from October T-Bonds Tap Sale
Central Bank of Kenya(CBK) collected KSh 52 Billion during the Treasury Bond Auction of 2021, where the two re-opened fifteen-year and twenty-five year Treasury Bonds issued lesser bids against an [...]Absa Bank denies breaching lending law in Ksh 19.87 Billion loan to East African Breweries
On Thursday 7th October 2021, a Nairobi based media outlet reported that Absa Bank Kenya Plc, had breached regulatory requirements by lending more than 25% of its core capital to [...]
IFC to Loan KSh1.6 Billion to Gulf Trust Bank for SMEs
The International Finance Corporation (IFC) is set to lend $15 million (Sh1.6 billion) to Guaranty Trust Bank Kenya for onward lending to Small and Medium sized Enterprises (SMEs). The loan [...]CBK Collects KSh 9.6 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 9.6 Billion at the Weekly Treasury Bills Auction and received bids worth KSh 10.1 Billion out of KSh 24 Billion offered, [...]Fitch Rates NCBA Group Plc at B+, Negative Outlook
Fitch Ratings has assigned Kenya's NCBA Group Plc with Long-Term Issuer Default Ratings (IDR) of B+ and a Negative Rating Outlook. With the NCBA Bank comprising 92% of the Group's [...]CBK says Transactions Outside Bank Branches Now at 96%
CBK has said 96% of transactions happen outside the bank branches in Kenya from 91% before the COVID-19 pandemic struck. This disclosure was made by CBK Governor Dr Patrick Njoroge [...]Banks Must Rejig Business Models to Survive COVID-19, says Deloitte
Banks must digitize and rethink their modes of operation, says a report by Deloitte on East Africa Banking Industry Trends 2021/2022, themed ‘Fortifying Resilience’. Prior to COVID-19, the financial services [...]
