A Standard Chartered survey has shown that Covid-19 is significantly impacting personal finances globally, with one-third (65% in Kenya) already earning less and more than half expecting the pandemic to…
KCB Bank Kenya Limited has commenced payment of funds to remaining eligibledepositors of Imperial Bank Limited (in receivership) (IBLIR) in the current tranche of disbursements. The exercise which kicked off…
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…
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…
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…
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…
Manufacturers in Kenya have raised concerns about shrinking market share due to, among others, unpredictable tax measures making industry uncompetitive, and derogated EAC Common External Tariff (CET) regime, undermining industrialization…
Equity Group Holdings PLC has announced the completion of its acquisition of 66.53 percent stake in the Banque Commerciale Du Congo (BCDC) at a cost of USD 95 Million. The…