05/22/2020
Clients who can demonstrate the impact of Covid-19 on their businesses and soundness of their business model in the new normal will get reprieve of loan rescheduling and refinancing with up to an additional three years of repayment.
05/21/2020
The earnings included the performance of the newly-acquired subsidiary, National Bank of Kenya (NBK), whose net profit more than doubled to Sh154.9 million from Sh66.2 million over the same period.
05/21/2020
The prior year has been restated to reflect a like-for-like basis aiding comparability between periods.
05/21/2020
Adegoke Adegbami, CEO of Mainstreet Microfinance Bank, discusses how digitisation and a customer-centric attitude are critical to extending financial access to all
05/21/2020
When Moody's downgraded SA's sovereign rating in March into "junk," Land Bank was further relegated into sub investment grade.
05/21/2020
Leading South African processor and technology company to leverage ACI’s UP Retail Payments.
05/21/2020
Eight African markets to receive the Red Cross support include; Botswana, Cameroon, Kenya, Nigeria, , Sierra Leone, South Africa, Tanzania and Zimbabwe.
05/20/2020
Bank deposit rates have continued to edge lower because of market conditions and excess cash liquidity in the banking system. There is a possibility that the bank rate drops again this year.
05/20/2020
Debt counselling company DebtBusters says people already under debt management have been asking their creditors for more debt restructuring.
05/19/2020
The Reserve Bank has already joined the world's leading central banks in aggressively cutting interest rates and increasing bond purchases in an attempt to shore up liquidity.
05/19/2020
Despite the substantial growth in loan book in 2019 (up 33% y/y) amidst frail macro conditions, we do not envisage a significant deterioration in Fidelity Bank’s asset quality.
05/18/2020
The Unity Link money transfer service allows customers to receive their remittances directly into their accounts with the bank.
05/18/2020
The value of cheques, cleared at the Automated Clearing House run by the Kenya Bankers Association, during January-March 2020 was flat, rising 0.27 percent to Sh647.05 billion.
05/18/2020
NBK results for the year ended December shows that the lender fell short of the required capital to back its lending and deposit-taking activities.
05/17/2020
The bank’s loan book also saw an increase of 12% percent to KSh 161 billion from144.7 billion in the first quarter of 2019.
05/15/2020
The board of directors, Guaranty Trust Bank Plc, has approved the sum of N73.577 billion to be paid as dividend at a rate of N2.50 per 50 Kobo ordinary share. At the bank’s thirtieth Annual General Meeting held at the Oriental Hotel, 3, Lekki Road
05/15/2020
“All three banks’ local-currency deposit ratings of B2 are at the same rating level of the government, and a potential weakening in the government’s credit profile will lead to a weaker credit profile for the banks.”
05/15/2020
President Uhuru Kenyatta in March directed all schools and higher education learning institutions to shut down to reduce the danger of the spread of the coronavirus.
05/15/2020
A new survey done on behalf of Nedbank showed more than half of small businesses have temporarily reduced their staff through paid or unpaid leave, and a further 26.8% have cut jobs
05/14/2020
The President directed that Sh1 billion be appropriated from the Universal Health Coverage to recruit additional staff to beef up the current compliment that is fighting coronavirus.