KCB to Pay KSh3.2 Billion to Imperial Bank Depositors
KCB Bank Kenya has commenced the payment of funds to eligible depositors of Imperial Bank Limited Imperial bank is under a receiver-manager Kenya Deposit Insurance Corporation (KDIC) which has approved [...]
Nigeria Invests $ 29.3 Million in Shelter Afrique
Nigeria has committed US$29.3 Million to Shelter Afrique, lifting it to be the second-largest shareholder in the institution, with 14.77% of the shareholding, behind Kenya's 14.87% stake and ahead of [...]
All Set For the Africa Regional Leading Women in Banking e-Conference
The Kenya Bankers Association (KBA) is set to convene the Africa Regional e-Conference for Leading Women in Banking and Finance from 15th to 16th October 2020. The virtual summit will [...]
HF Group Half-year Net Loss Widens to KSh 295.5 Million
Kenyan listed mortgage lender HF Group widened its Net Losses for the six months ended 30th June 2020 to KSh 295.5 Million. This is compared to a net loss of [...]Absa Bank Kenya restructures loans worth KSh 57 Billion
Absa Bank Kenya offered loan relief and restructured loans totalling KSh 57 Billion to financially distressed customers, equivalent to 28 per cent of its loan book. During the six months [...]NCBA Half-year Net Earnings Rise Marginally to KSh 2.6 Billion
NCBA Group recorded a slight increase in its net earnings to KSh 2.6 Billion at the end of the six months ended 30th June 2020. This is compared to KSh [...]Equity Bank Appoints Erastus Mwencha as Board Chairman
Equity Bank Kenya has appointed Ambassador Erastus Mwencha as its Board Chairman, taking over from Professor Isaac Macharia who was recently appointed Equity Group Holdings Board Chairman. Prior to his [...]Afreximbank Provides $400 Million to the Export Trading Group
Afreximbank (The African Export-Import Bank), Africa’s foremostmultilateral trade finance institution, has provided a $400 million revolving global credit facility to the ETG (Export Trading Group). The credit facility seeks to [...]Diamond Trust Bank Half-year Net Earnings Decline to KSh 2.6 Billion
The restructuring of a huge chunk of its loan book pushed down the Net Earnings of listed Diamond Trust Bank (DTB) to KSh 2.6 Billion from KSh 4.1 Billion recorded [...]Stanchart Half-year Net Earnings Slump to KSh 3.2 Billion
Standard Chartered Bank Group has reported a decline in its half-year net earnings to KSh 3.2 Billion. This is compared to KSh 4.7 Billion posted over a similar period last [...]Absa Group Half-year Net Earnings Drop 82% Due to Covid-19 Pandemic
South Africa-based Absa Group has reported an 82% slump in its Half-year Net earnings after the lender increased its provisions against potential credit losses four-fold to US$ 869.8 Million. In [...]Equity Group Half Year Profit Falls 24.4% Y.o.Y to KSh 9.1 Billion
Equity Group Holdings (EGH) profits from January to June 2020 have declined by 24.4 per cent YoY to Ksh9.1 billion from Ksh 11.9 billion in a similar period last year. [...]
