IM Bank Founder Chairman Retires After 47 Years of Service
IM Bank has announced the retirement of Mr. Suresh Bhagwanji Raja (SBR) Shah, its Founder and Chairman since 1974 and subsequently appointed Mr. Oliver Fowler to serve as the new [...]
CBK collects KSh 7.2 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK)accepted KSh 7.2 Billion from T Bills worth KSh 24 Billion offered at the Weekly Auction held on Wednesday 31st March 2021. The low-performance rate of [...]
Banks Resume Charges for Transactions Above Ksh 100 through Inhouse Mobile Money Wallets
Today, the Central bank of Kenya announced the resumption of charges for transactions above Ksh 100 effected through inhouse bank wallets linked to SACCOs. Inhouse banking wallets refer to bank-owned [...]Sidian Group Net Earnings Drop 84.7% to KSh 18.8 Million
Sidian Group Net Profit declined to KSh 18.775 Million at the close of the financial period ended 31st December 2020. This is against net earnings of KSh 122.5 Million over [...]HF Group Net Loss Widens to KSh1.7 Billion
The mortgage finance bank HF Group reported a KSh1.7 billion net loss for the year 2020, from KSh110 million net loss in 2019. The bank's net interest income fell 7.5% [...]
Introducing The Top 10 Women Shaping the Region's Banking and Finance Sector
Register here for Angaza Awards Top 10 Women to Watch in Banking and Finance East Africa Zoom Event on Tuesday 8th of June 2021!! The Angaza Awards: Women to Watch [...]
IM Holdings Proposes Dividend Bonus Issue as Profit Falls by 21%
IM holdings has posted a 21% drop in net profit for the year ended 31st December 2020. The bank's profit after tax decreased to KSh8.4 billion in 2020 from KSh10.8 [...]Rwanda's Largest Bank Posts $38.7 Million Net Profit
Bank of Kigali (BK), the largest commercial bank in Rwanda by assets, has reported a full-year net profit of $38.7 million, an improvement from the $37.5 million posted at the [...]Family Bank Group Net Earnings up 22.4% to KSh 1.2 Billion
Family Bank Group's net earnings rose by 22.4% to KSh 1.2 Billion at the end of 31st December 2020. The lender also recorded a pre-tax profit of KSh 1.440 Billion [...]Kenya Maintains Key Interest Rate at 7% for the Eighth Time
The Central Bank of Kenya maintained the key interest rate at 7% for the eighth consecutive time, following yesterday's Monetary Policy Committee meeting. According to the bank, the current rate [...]NCBA's Profit NoseDives by 42% on Increased Loan Loss Provisions
NCBA's full year net profit for the year 2020 nosedived by 42% to KSh4.6 billion as the bank ramped up its provisions for loan losses. The tier-one lender put aside [...]Equity Sets Aside KSh27 Billion for Loan Losses, Net Profit Dips 11%
Equity Holdings' net profit for the year 2020 fell by 11% as the lender suffered from the effects of the covid19 pandemic. The bank's full-year net profit decreased to KSh20.1 [...]
