ABSA Bank Kenya has announced an 84.8 percent year on year drop in the first half of the year’s Earnings per Share to Sh0.11. This was weighed down by a 228.1 percent increase in loan loss provisions to Sh5.4 billion. and rebranding costs of Sh1.7 billion. Pre-provision operating…
Equity Bank (Kenya) Ltd Board has appointed Ambassador Erastus Mwencha, as the Chairman, taking over from Professor Isaac Macharia who was recently appointed Equity Group Holdings Board Chairman. Ambassador Mwencha,…
I&M Holdings Plc has reported a 29.5 percent year on year drop in Profit after tax to Sh3.2 billion in the first six months of the year. The performance…
Diamond Trust Bank Kenya has reported a 36.5 percent year on year decline in Profit after Tax to Sh2.6 billion in the first six months of 2020. The bank’s loan…
The banking industry in Kenya is poised to withstand market shocks induced by the Coronavirus disease (COVID-19) pandemic even as the economy grapples with a market environment characterized by constrained…
Standard Chartered Bank of Kenya has announced a 31.3 percent year on year drop in its earnings per share in the first half of the year to Sh8.56. During…
Kenya Bankers Association has announced that Caritas Microfinance Bank has joined its membership, bringing its total membership to 47 banks. Licensed and regulated by the Central Bank of Kenya,…
Sanlam Kenya has posted a Sh99.1 million after-tax loss down from a Sh639.6 million after-tax profit posted within the same period last year. The firm realized a Sh136 million pre-tax…
The Rotary Club of Nairobi-Lang’ata (RCL) announced a partnership with Stanbic Bank Kenya to supply personal protective equipment (PPEs) and disinfectants to seven maternal and child healthcare facilities within Nairobi’s urban settlements…
Family Bank has posted a 63.6 percent increase in its gross profit in the first six months of the year to Sh852.1 million, up from Sh520.9 million registered in a…