Mastercard and Selcom has announced the launch of the Selcom Mastercard app, an enhanced mobile payment application that enables people to centralize all their payment cards or supported mobile banking…
Standard Chartered Bank has been named as the best consumer digital bank in Kenya by Global Finance Awards. The bank also emerged Best Integrated Consumer Bank Site, Best Online Product…
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…