09/04/2020

The Top Ten Largest Banks in the African Continent

Combined, our top ten list would be valued at over $600 billion USD. Interesting fact, only four countries in Africa as a whole are represented in the Top Ten list; in fact, one country alone holds five places on the list.

09/04/2020

GTB posts N109.7b profit in first half

Profit before tax closed first half 2020 at N109.7 billion, representing a decrease of 5.2 per cent from N115.8 billion recorded in the corresponding period of 2019.

09/01/2020

Four banks delay half-year reports

The bank’s primary regulator is still in the process of reviewing the AFS and same would be released to the market upon receipt of the said approval.

08/31/2020

Access renames Moi-linked bank after Sh1.4bn buyout

Top owners of the 36-year-old Kenyan bank with 28 branches were companies owned by close associates of the late Moi, including Joshua Kulei, Simeon Nyachae and the former Vice President George Saitoti.

08/31/2020

Top banks set aside Sh31bn for loan defaults

The provisions for bad loans cut the lenders’ net earnings by a third to Sh32.5 billion, making it the dominant factor in determining their profitability following the pandemic, overshadowing growth in interest income and fees on transactions.