05/22/2019
Both African Bank, a small lender which was rescued from collapse just five years ago, and Standard Bank said customers could open the new accounts without going into a branch.
05/21/2019
We are proud to have executed them successfully, as part of our broader separation programme which will be completed in the next year.
05/21/2019
“Small and mid-size enterprises are the lifeblood of any economy, but many have struggled to secure the necessary financing to continue operations in the current economic climate,” said CBK governor Patrick Njoroge during the launch of the pro
05/20/2019
“The banking industry is itself being disrupted by technology and has embraced this technology to develop solutions that truly benefit the real economy.
05/20/2019
HF also holds a short term loan facility of Sh516.3 million from fellow listed lender NIC Bank , for which it is paying interest at 14 percent per annum.
05/18/2019
The bank's financial statements for the 2018 financial year shows sterling performances against the backdrop of a turbulent banking environment last year.
05/17/2019
The combined entity could attain a return on equity of 26.9% in 2023 said KCB, which had a return on equity of 23% last year.
05/17/2019
He noted that banks in Nigeria have done well so far but the future holds a lot more than what has been experienced.
05/16/2019
The vulnerabilities in the banking sector have been addressed through a recapitalization process and regulatory reforms geared towards introducing efficiency in the way business is conducted.
05/16/2019
"Ecobank's vision is to decentralise banking, where customers can access banking at the comfort of their homes or any location, without physically coming to the bank," she said.
05/15/2019
Standard Bank, which was the most complained-about bank last year, has dropped to fourth position this year – while Absa, which was fourth, drew the most complaints out of all the banks in 2018.
05/15/2019
The median of seven economists’ estimates was for 0.6% growth. Sales contracted 0.7% from a month earlier, it said.
05/14/2019
He stressed that Egypt is the first destination for foreign investments in Africa, pointing out that the presence in Egypt is the most important investment of the group in Africa due to its distinguished geographic position
05/14/2019
Mr Mensah explained that “the Stanbic concept to attain financial independence is framed around a context of how people make money, spend it, save and invest, and share and leave a legacy.”
05/14/2019
Top Kenyan banks, namely Equity Group and Kenya Commercial Bank (KCB) Group, after conquering the Kenyan market, and extending to the larger East African Community countries, are now following in the footsteps of their South African and West African peers
05/14/2019
The 20 acre piece of land is currently at the center of dispute between the Kenya Defence forces and the troubled retailer.
05/14/2019
Other are Award for Innovation in Banking, Socially Responsible Bank of the Year, Deal of the Year – Equity, Deal of the Year – Debt and Deal of the Year- Infrastructure.
05/12/2019
Mahomedy replaced Tau Morwe, whose six-month contract was not renewed when it expired early this month. Nedbank is the latest in a long list of private sector companies to be implicated in state capture.
05/09/2019
NIC Bank and Commercial Bank of Africa want to make a statement through their merger deal and so is Co-operative Bank Group.
05/09/2019
As a result of aggressive focus on recoveries, he said the bank’s non-performing loan ratio declined to 8.1 per cent in December 2018 from 20.8 per cent as at December 2017.