East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
From left: NCBA Group MD John Gachora, KCB Group CEO Joshua Oigara and Kenya Bankers Association CEO Habil Olaka during the launch of a mobile loan product in 2019. FILE PHOTO | NMG It is estimated that over $37.1 billion worth of securities held by big banks are tied in the real estate amid reports […]
Over 400 participants participated in the Standard Chartered Virtual Marathon held at Masinde Muliro University of Science and Technology (MMUST) in Kakamega. The Marathon brought together Lecturers, students and People Living with Disabilities. Speaking after the race, MMUST Vice Chancellor (VC), Prof. Solomon Shibairo, said the partnership with Standard Chartered Bank is crucial in spearheading […]
Foreign investors pulled out Sh1.48 billion from the Nairobi Securities Exchange (NSE) last month. This marks the second straight month of net-selling amid the prevailing rise in stock prices. Data from trading and corporate advisory firm AIB-AXYS Africa shows that foreigners bought shares worth Sh6.75 billion but sold others valued at Sh8.24 billion during the […]
Athletes warming up before a 2.5km race during the launch of the 18th edition of the Standard Chartered Bank Nairobi Marathon in July. The build up to the 18th edition of the Standard Chartered Nairobi Marathon set for this Sunday in Nairobi has started off with virtual run being held across the country and beyond. […]
The Nairobi Securities Exchange All-Share Index is set to halt a five-month winning streak in September after investors’ sentiments soured due to China Evergrande Group ’s crisis, and a local rally driven by growth in corporate earnings motivated investors to take out gains. So far this month investors on the bourse have lost 2.5% after […]
Kenya’s top nine listed banks slashed their provisions for loan defaults by a third in six months to June, defying Covid-19 hardships to raise their combined net earnings 72.5 percent to Sh66.5 billion. KCB #ticker:KCB, Equity #ticker:EQTY, Co-op Bank #ticker:COOP, I&M #ticker:I&M, Absa Bank Kenya #ticker:ABSA, NCBA #ticker:NCBA, Standard Chartered Bank Kenya #ticker:SCBK, DTB #ticker:DTK, […]
A StanChart bank branch in Nairobi. PHOTO | NMG A court has granted the Standard Chartered Bank and the Central Bank of Kenya 45 more days to retrieve and file records of hundreds of account holders who are seeking a refund of interest charges imposed illegally by the lender three decades ago. Justice David Majanja […]
I&M Branch in Nyeri. FILE PHOTO | NMG I&M Group #ticker:I&M is broadening its wealth management services to include local and foreign investment products in a strategy that seeks to grow the lender’s non-interest income. The move is part of a growing trend among banks to offer companies and high-net-worth clients more services beyond the […]
Every year on August 26, the world marks the Women’s Equality Day — a day that was designated by the US Congress in 1971 to commemorate the 1920 passage of the 19th Amendment to the US Constitution, granting women the right to vote. Half a century on, the Women’s Equality Day is calling attention to […]
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