03/27/2020
The net earnings makes I&M the fourth most profitable bank in Kenya after KCB (Sh25.1 billion), Equity (Sh22.6 billion), and Cooperative Bank (Sh14.3 billion). Standard Chartered comes fifth at Sh8.2 billion.
03/27/2020
Foreign ATM fees will be waived, but banks are encouraging internet banking solutions during the lockdown.
03/26/2020
Part of their dedication towards SMEs will include assisting with stabilising cash flow as well as customers who need to cover unexpected expenses during this difficult time.
03/26/2020
The pandemic is expected to strain Africa's under-equipped health systems.
03/26/2020
Savings deposits now accounts for about 22.5% of total deposits
03/25/2020
The last month has seen the Group, with headquarters in South Africa, engaged in rigorous campaigns as it rebranded to Absa Group after the former parent company Barclays Plc
03/25/2020
The lender said it could assist the SMEs to stabilise cash flow and consumers who wanted to cover unexpected expenses.
03/20/2020
The bank says it is well-positioned within the South African banking sector to implement its “unique” low-cost banking fee model, as well as customer experience value propositions.
03/20/2020
However, the lender increased investment in Government securities by 46.8 per cent to Ksh 117.8 billion.
03/20/2020
The country’s Blue Economy Strategic Policy and Road map prioritizes the development of new and emerging maritime sectors
03/20/2020
Since 31 December 2018, the Loans and advances to customers increased 8 percent to Sh129 billion while the gross non-performing loans reduced 7 percent year-on-year.
03/18/2020
The report says the government remains the core investment avenue for pension funds
03/18/2020
Overall, Absa’s balance sheet, revenue and earnings growth were in line with peers after lagging for a number of years.
03/17/2020
The banking sector remains highly concentrated with the Concentration Ratio (CR) of the six largest banks with respect to deposits and assets at 60.31 and 59.74% as at end December 2018 according to the CBN’s 2018 financial stability report.
03/17/2020
Also, the statement disclosed that FirstBank was honoured for its role in demonstrating high performance across various metrics
03/16/2020
Businessman boasts of influencing debate on Reserve Bank
03/16/2020
The bank posted growth in profitability in Tanzania, Rwanda and Burundi, but profits in South Sudan and Uganda dropped.
03/16/2020
The Kenyan lenders have intensified acquisitions to bolster their balance sheets
03/13/2020
Non-performing loans doubled from Sh32.6 billion to Sh63.3 billion after the lender inherited rogue NBK borrowers.
03/13/2020
South African bank shares are being hit by a moribund local economy.