Ajua team in a past event. Admittedly, not all brands are equal in terms of success, customer reach, and how customers/clients relate to them. For instance, some businesses are more intentional about making sure that their customers have a better experience with them. According to a report published by Ajua for Quarter 3 Customer Loyalty […]
KCB Group #ticker:KCB has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November last year announced that it would acquire 62.06 percent stake in Banque Populaire Du Rwanda (BPR) and 100 percent stake in African Banking Corporation Tanzania Limited (BancABC). The lender, which already […]
Equity Group Managing Director & CEO Dr. James Mwangi [Wilberforce Okwiri, Standard] Equity Group founder Peter Munga knows well what to do in the face of failure: look for people to rescue the vision. But for KCB Bank, hitting rock bottom has not been part of its story. Since 1896, when it started its operations […]
Traditional dividend payers such as KCB, Equity, Co-operative Bank of Kenya and NCBA are all promising to distribute part of the profits to shareholders. Banks needed just seven months this year to earn the profits they made the whole of last year, new data shows. And now they are promising shareholders bumper dividends as the […]
KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. KCB in late November 2020 announced that it would acquire 62.06 percent stake in Banque Populaire Du Rwanda (BPR) and 100 percent stake in African Banking Corporation Tanzania Limited (BancABC). The lender, which already has a […]
Accusations in Parliament that Equity Group #ticker:EQTY was A tribal bank given its heavy presence in Nairobi and central Kenya triggered the lender’s expansion across the country. The bank kicked off an aggressive expansion targeting Rift Valley, western Kenya and Nyanza hinged on its model of focusing on the poor and bottom end of the […]
Coop Bank Group managing director Gideon Muriuki at a past event. Assets of banks operating in Kenya grew by half a trillion shillings in three months from June to September 30. According to Central Bank of Kenya’s third quarter Commercial Bank Credit Officer Survey covering 39 banks, aggregate balance sheet increased by 2.5 per cent […]
KCB Group CEO Joshua Oigara (right) Chairman Andrew Kairu (centre) and Group CFO Lawrence Kimathi during the release of the full-year result. PHOTO | POOL KCB Group has cancelled its plan to acquire a Tanzanian lender from London-listed Atlas Mara Limited, citing regulatory hurdles. K CB in late November 2020 announced that it would acquire […]
Business leaders in Kenya have been urged to explore new opportunities in the Democratic Republic of Congo (DRC) as the two countries commit to deepening bilateral trade ties. This was the key message during the first Kenya-DRC trade mission that kicked off Tuesday in Kinshasa that brings together hundreds of entrepreneurs from both countries. “This […]
Top banks saved up to Sh27.2 billion in the nine months to September on lower costs of handling defaults as borrowers resumed making payments following months of a freeze. The eight tier-one lenders reduced their loan loss provisioning costs by up to 39 percent, underlining the supernormal profits posted by most of them. KCB Bank […]
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