Standard Chartered Bank Kenya has announced that it has registered an improved profit after tax of Ksh. 4.8 billion for the half year ended 30th June 2021. This represents a 51% increase from the Ksh. 3.2 billion the bank posted in the previous period. During the period total operating income increased by 2% to Ksh. […]
NCBA Group managing director John Gachora during an investor briefing of the half-year to June results on August 30, 2021. PHOTO | DIANA NGILA | NMG NCBA Group’s net earnings rose 76.9 percent in the half year ended June on increased income from lending and transactions. The bank made a net profit of Sh4.6 billion […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors propped up the rebounding performance of the Nairobi Securities Exchange (NSE) by buying stocks worth Ksh.1.7 billion last month. According to data from Cytonn Research, this represented the second straight month of positive flows into the market after a narrow Ksh.154 […]
Three years ago, when sports betting was roaring like a wild bush fire and every youthful football fan was drawn into gambling, two university students known to this writer placed bets on a weekend. One of them placed Sh10,000 on what was seen as a safe bet, with odds of just over two, for a […]
[Courtesy] Every year on August 26, the world joins the United States of America in marking 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, […]
A Stanbic Bank branch on Kimathi Street, Nairobi. FILE PHOTO | NMG Stanbic Holdings is the first bank to reinstate interim dividends after its net profit surged 37 percent in the half year ended June to Sh3.5 billion. The company declared a payout of Sh1.7 per share or a total of Sh672 million to be […]
Bank payments made through cheques for the first half of the year rose 8.29 percent, rebounding from a Covid-induced double-digit drop in a similar period last year, which saw traders and households cut visits to banking halls. The latest Central Bank of Kenya (CBK) data show deals amounting to Sh1.23 trillion were settled via cheques […]
Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | NMG Standard Chartered Bank Kenya net profit for the first half of the year grew 50.9 percent to Sh4.88 billion helped by increased non-interest income and a fall in operating expenses. Results released on Monday morning showed net profit rose from Sh3.23 billion earned in […]
Workers harvest wheat on a farm. About 23.67 percent of Sh109 billion loans advanced to the agricultural sector were not being serviced as of the end of March 2021. FILE PHOTO | NMG Farmers overtook property developers and traders in loan defaults in the first year of Covid-19 shutdowns and restrictions, highlighting the struggle players […]
Standard Chartered Bank Kenya CEO Kariuki Ngari PHOTO | COURTESY Standard Chartered Bank Kenya has posted a 53 per cent jump in half year earnings after booking a Ksh.4.9 billion net profit from Ksh.3.2 billion last year. The notable improvement in profitability for the tier one lender is greatly attributable to a recovery in operating […]
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