11/14/2019

Bank subsidiaries record 31.5pc growth in profits

Central Bank of Kenya (CBK) data shows Rwanda had five subsidiaries with 56 branches in contrast with Uganda’s seven units with a branch count of 104. Tanzania had six subsidiaries with a network of 76 branches.

11/11/2019

Microfinance bank losses hit Sh1.4bn

Market leader Kenya Women Microfinance Bank, formerly KWFT, was the major casualty closing in a loss-making position Sh1 billion.EoBxu4o9SxIP6tYGRz2l4LgBKKAR1IM.Q

11/10/2019

Ecobank Fighting the Sustainability Battle

The bank fell short of key performing parameters for deposit money banks in the review period with deposits from customers dropping by 3 percent while loans and advances to customers declined by 6 percent.