Stanchart Q3 Net Earnings Drop 30.6% to KSh 4 Billion
Standard Chartered Bank Kenya Limited (SCBK) has posted a 30.6% drop in Q3, 2020 Net Earnings to KSh 4.3 Billion from the KSh 6.2 Billion in Q3, 2019, a decline [...]
Coop Bank's Q3 Net Profit Drops 10% to KSh9.8 Billion
Cooperative Bank's net profit in the third quarter of 2020 dropped by 10% to KSh9.8 billion from KSh10.9 billion a year earlier, mainly driven by a sharp rise in loan [...]
Absa's Q3 Net Profit Down by 65%
Absa Kenya's net profit in the first nine months of 2020 fell by 65% to KSh 1.9 billion, from KSh5.6 billion reported in the same period in 2019. A sharp [...]Sidian Bank Q3 earnings drop 90% to KSh 8.1 Million
Sidian Bank has recorded a 90% drop in Q3, 2020 net earnings to KSh 8.1 Million compared KSh 83.5 Million over a similar period last year. The lender's net interest [...]KCB Sees Full-year Profits Declining by Over 25%
East Africa's largest bank by assets, KCB Group, expects its full year profit to drop by more than 25% compared to last year's full year profit due to the adverse [...]CBK Raises KSh 29.7 Billion from Weekly T-Bills Auction, 126.6% Subscription Rate
The Central Bank of Kenya(CBK) accepted bids worth KSh 29.66 Billion from the weekly Treasury Bills auction that was held on Thursday 12th November 2020. This is against bids worth [...]Equity Group Q3 Net Earnings drop 14.6% to KSh 14.8 Billion
Equity Group Plc net profit slumped by 14.6% to KSh 14.8 Billion at the end of the third quarter period ending 30th September 2020 from KSh 17.3 Billion posted in [...]Stanchart Kenya to lay off 14% of Workforce Amid Covid-19
Standard Chartered Bank, one of Kenya’s top lenders, has begun a process to lay off about 200 employees which represent about 14% cut in its workforce as the bank looks [...]
KCB Posts KSh10.9 Billion Net Profit in Q3
Kenya's leading bank by asset value, KCB Group, has posted a 43% drop in net profit for the nine months that ended on 30th September 2020 to KSh 10.9 billion, [...]Kenya Court of Appeal Authorises Taxation on Card Interchange Fees
Consumers using a debit or credit card to make purchases may have to pay higher charges as the Court of Appeal gave leeway for taxation on interchange fees. A three-judge [...]
New Study Seeks to Identify Entrepreneurs Likely to Pay Back Debt
A new study launching this month seeks to identify suitable candidates for loan and credit services among young entrepreneurs, helping financial service providers lend to small entrepreneurs in the informal [...]Access Bank Launches in Kenya
Nigeria's Access bank has today launched its operations in Kenya after acquiring a 99.9% stake in privately owned Transnational Bank of Kenya. The Nigerian lender paid KSh1.4 Billion for the [...]
