One of Kenya’s top lenders, NCBA Bank, has announced plans to open 12 new branches in the country in 2022 as part of its expansion plans. This announcement comes despite the bank shutting 14 of its branches in Kenya in 2021 due to the disruption caused by Covid-19. With its expansion, the lender targets to […]
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
Kenyans borrowed nearly Sh1.2 billion every day on Fuliza and M-Shwari mobile loans last year, signalling a deepening debt dependence that increased with last year’s massive job losses caused by the Covid-19 pandemic. NCBA Bank financials released yesterday show the lender advanced a total of Sh432 billion Fuliza and M-Shwari mobile loans, which averaged about […]
NCBA Bank has recorded a decline in its net profit from Ksh. 7.8 billion to Ksh. 4.5 billion at the close of the financial year ended 31st December 2020. This is a 42% decline of its net profit compared to a similar period the previous year. The lender attributed the decline to the coronavirus pandemic […]
Nairobi — NCBA Group PLC has posted a profit after tax of Sh4.6 billion for the financial year ending December 31, 2020. The company’s pre-tax profit for the period under review was Sh4.98 billion, down 56 percent due to increased impairments, occasioned by the impact of COVID-19. This is the first time NCBA is announcing […]
NCBA Bank Kenya PLC designate chairman Isaac Awuondo with group managing director John Gachora during the unveiling of NCBA group new logo at Raddison Blu Hotel,Nairobi,October 3rd 2019,/DOUGLAS OKIDDY NCBA Group’s net profit declined 42 per cent to Sh4.6billion in the financial year ended December 31 2020 on the back of high levels of credit […]
Investors at the Equity Bank Group will walk home empty handed for the second year running after the lender withheld dividends on shrinking net earnings. The lender joined other tier top commercial banks in the country to announce a drop in 2020 year results on high loan loss provision due to Covid-19 economic pressures that […]
Equity Bank and NCBA are the latest top tier banks to report double digit drops in profitability for the year ended December 2020, as lenders are hit hard by huge provisions for bad loans triggered by the Covid-19 pandemic. The two now join Absa Bank, Co-operative and KCB in the list of big banks who […]
Rubis Gigiri, Nairobi. FILE PHOTO | NMG It is normal for a company to tweak its brand to drive business and reinvigorate presence. Companies may want to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent rebrands in Kenya […]
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