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.
05/14/2020
He assured that the bank would continue to support its customers as well as government, other private entities and communities in the fight against COVID-19.
05/14/2020
The South African economy shrank at the fastest rate on record in April while March also recorded a significant decline
05/14/2020
This is especially true for transactions taking place in any online marketplace or social media platform, even more so given the change of consumer purchasing habits spurred by Covid-19.
05/14/2020
African banks delivered some of the world’s highest returns on equity last year, but current factors make a repeat performance unlikely.
05/12/2020
The bank’s total assets increased by 12 per cent from N6.35tn in December 2019
05/12/2020
The new office will oversee the drive in growth for financial technology
05/11/2020
The assistance requested ranges from payment relief on existing loans, to merchant services device fee relief, as well as resources and guidance on navigating the Covid-19 crisis.