HF Group sinks into KSh 730.2 Million Net Loss, issues profit warning
Mortgage lender HF Group Plc has widened its Net losses to KSh 730.2 Million in Q3, 2020 from a loss of KSh 84.6 Million, triggering the firm to issue a [...]
Family Bank Net Earnings in Q3 2020 Hit KSh 1.1 Billion
Family Bank, a middle tier lender, has shrugged a challenging business environment posed by the COVID-19 pandemic to post a 70% increase in Net Earnings to KSh 1.1 Billion at [...]Banks Restructure Loans worth KSh 1.38 Trillion as Virus hits Loan Books CBK
Data from Central Bank of Kenya(CBK) shows that commercial banks have now restructured loans totalling KSh 1.38 Trillion, which is 46.5% of the industry’s total loan book of KSh 2.9 [...]NCBA's Loan Loss Provisions Grow by 75% in 3 Months to KSh 13.4 Billion
NCBA Group's conservative provisioning for loan losses has seen the bank's loan loss provisions increase by 75% in just three months to KSh13.4 billion in September from KSh7.6 billion in [...]
Citibank Kenya Q3 Net Profit Edges up 4.2% to KSh 2.5 Billion
Citibank Kenya, a lender whose niche is in the corporate segment, has recorded a modest increase in its net earnings, for the nine months ending September 2020, to KSh 2.5 [...]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 [...]
