05/29/2020
Equity Bank, which has restructured Sh92 billion or 25.1 percent of its loan book due to the pandemic’s decided to recall proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion to conserve cash as the coronavirus bites.
05/29/2020
Because of the peculiar nature of the lockdown situation, people are exposed to all sorts of threats including financial that may sometimes come in different and unusual format.
05/28/2020
The banking sector remains stable, it said, adding that fiscal stimulus measures unveiled by the government would kick in strongly in the financial year starting in July.
05/28/2020
Under the prevailing circumstances it is a good performance.
05/28/2020
Absa’s mainstay lending business generated total interest revenue of Sh7.6 billion, a 2.7 percent increase from Sh7.4 billion the year before.
05/28/2020
Customers must remember that the Bank will never ask for their BVN, full card PAN, PIN, mobile app activation code, OTP or password as it is readily available to the Bank via its database.
05/28/2020
The bank provides credit to government clients throughout sub-Saharan Africa in sectors ranging from information and communications technology to transport, water and energy.
05/28/2020
Even in cases of credit guarantee schemes for MSMEs, the sector has had no energy to stimulate growth.
05/27/2020
The Johannesburg-based firm provides credit to government clients throughout sub-Saharan Africa in sectors ranging from information and communications technology to transport, water and energy.
05/27/2020
Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.
05/27/2020
The decision to acquire Imperial Bank comes after KCB Bank received the necessary approvals from CBK and The National Treasury and Planning, earlier this month.
05/26/2020
Ecobank is named the most innovative bank in Africa at the eighth Global Finance annual awards, the Innovators 2020 honoring entities
05/26/2020
Treasury chiefs project in the medium-term Budget Estimates that expenditure on servicing the country's rising debt will top Sh1.023 trillion in the year ending June 2022 from Sh904.7 billion next financial year starting July 2020.
05/26/2020
KCB first provided NBK with a Sh5 billion capital support in December last year after acquiring the subsidiary in a share swap deal.
05/26/2020
The app was built out of the need to deliver to its customers, a world-class banking experience from anywhere and at any time.
05/25/2020
Albert Saltson, StanChart’s managing director, said it took “significant steps” to reshape its business by implementing “refreshed strategic priorities.”
05/24/2020
The main aim of the Covid-19 Rapid Response Facility, established by the Mauritian Government, is to support the national response fighting the ongoing outbreak
05/22/2020
Banks expect reduced demand for loans in the wake of the coronavirus crisis, which has hit business activity in what will ultimately slow down lenders’ profits.
05/22/2020
The rise in profitability was largely due to a 20.4 percent rise in interest income to Ksh.
05/22/2020
While Ghana became the first African country last month to ease restrictions on citizens