Diamond Trust Bank's Net Profit Dips 51% to KSh3.5 Billion
Diamond Trust Bank's (DTB) net profit for the year that ended on 31st December 2020 dipped by 51% to KSh3.5 billion, from KSh7.3 billion in 2019. According to the lender, [...]
AfDB Loans KSh11 Billion to Equity Group Holdings for Expansion
The African Development Bank (AfDB) has loaned KSh11 billion to Equity Group Holdings (EGH) to expand East and Central Africa. The loan further seeks to boost EGH's ability to serve [...]
Standard Chartered's Profit Falls 34% as Loan Loss Provisions Soar
Standard Chartered Bank Kenya has posted a 34% decline in its full-year net profit for the year that ended on 31st December 2020. The bank's net profit dropped to KSh [...]Respite for Borrowers as CBK Extends Loan Restructuring to June 2021
The Central Bank of Kenya ( CBK) announced that it has extended loan restructuring by commercial banks to cover loans that were performing as of March 2 2020, but were [...]Absa Bank Kenya Posts Normalised Net Profit of Ksh 6.5 Billion for Full Year 2020
Absa Bank Kenya PLC on Tuesday said its normalised profit after tax for the period ended December 2020 fell by 23% to Ksh 6.5 billion mainly due to pandemic related [...]
Central Bank of Nigeria Denies Banning Cryptocurrency Usage
Central Bank of Nigeria has said the country's citizens were free to use bitcoin and other cryptocurrencies and that all it has done is to prohibit their usage within the [...]
Co-operative Bank Net Earnings decline 25%, Declares KSh 1.00 Dividend
Co-operative Bank of Kenya recorded a net profit of KSh 10.8 Billion at the end of the financial year ended 31st December 2020. This is compared to a KSh 14.3 [...]CBK Collects KSh 23.3 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 23.3 Billion from this week's Treasury Bills Auction held on Thursday, 18th March 2021. The Government's fiscal agent received bids amounting [...]KCB Group secures US$ 150 Million Credit for MSMEs, Green Projects
KCB Group, the country's largest and most profitable lender, has secured a US$ 150 Million credit facility to enable it to increase lending to climate-friendly projects and small business enterprises, [...]Equity Group signs KSh 8.25 Billion deal with AGF to support MSMEs
Equity Group has signed an agreement worth US$ 75 Million (KSh 8.25 Billion) with African Guarantee Fund (AGF) Group to support the Bank scale up its lending activities to Micro, [...]KCB, Huawei to Unveil New Mobile Banking Product, To partner with Big Tech
Kenya Commercial Bank (KCB) plans to officially launch its Vooma loan product, a platform developed jointly with Chinese telco giant Huawei. Vooma-Swahili word for speed, a payments and settlements platform, [...]CBK accepts KSh 22.6 Billion at the Weekly T-Bills Auction
The Central Bank of Kenya(CBK) took KSh 22.621 Billion at the weekly Treasury Bills Auction out of bids worth KSh 22.624 from investors. This represented an undersubscription of 94.27%, the [...]
