Malta-based lender Utility Capital Management has won its battle with Education ministry supplier Ekaa Africa after the High Court ruled that the latter tried to evade repayment of a Sh41.8 million loan. Justice Maureen Odero has ordered Equity Bank to wire money that Ekaa Africa received from the Education ministry to another account controlled by […]
NCBA #ticker:NCBA, Stanbic #ticker:SBIC and Co-op Bank #ticker:COOP have won a lucrative contract to keep more than Sh31.2 billion in annual pension contributions by public servants following the rollout of the fund on January 1 this year. The Treasury picked the three banks as custodians of the billions of shillings collected from more than 350,000 […]
Equity Bank says it has no customer by the name Harun Aydin. The lender made the clarification through Equity Bank chief executive James Mwangi, who was represented in Parliament Wednesday by managing director Gerald Warui. The NSE-listed firm also denies advancing a Sh15 billion loan to the Turkish national linked to Deputy President William Ruto. […]
Dar es Salaam — The distributor of new and used commercial vehicles, Benbros Motors Limited, has been ordered to pay Ecobank Tanzania Limited Sh399 million in unsettled loan it secured for importation of vehicles. The Commercial Division of the High Court has rejected defence of the vehicle importers and three guarantors of the loan who […]
Top Kenyan executives smiled all the way to the bank in 2020 after they received KSh1.84 billion in perks However, this was a drop from KSh 1.91 billion earned in 2020 Co-op Bank boss Gideon Muriuki was the highest-paid executive in 2020, taking home a total of KSh 377.3 million Despite the COVID-19 pandemic ravaging […]
East Africa’s top retail banks bounced back to profitability in six months to June 2021 by doubling their net earnings to over Ksh33 billion ($302.75 million), signalling a resilience of the Covid-19 ravaged economy with prospects of better dividends to shareholders by the end of the financial year. The lenders, KCB Bank and Equity Bank […]
James Mwangi, Equity Group Holdings managing director and CEO, with head of financial and regulatory reporting Mary Nteere during the announcement of the regional bank’s half-year results in Nairobi on August 17. Picture: File Equity Bank was the highest earner having made a profit of Ksh8.8 billion ($80.73 million), bringing its total net profit to […]
CBK data show that lenders recorded a profit before tax of Sh96.4 billion in the first half of this year. Local banks have in the last week been releasing their financial results for the first half of 2021, and the growth in their profitability at a time when the country is still grappling with the […]
19th August, 2021: Loylogic , a leading global innovator in loyalty and points commerce experiences, has partnered with Equity Bank Kenya to revamp their Membership Rewards experience for American Express Green and Gold cardholders. Utilising Loylogic’s award-winning e-commerce platform, Pointshub, Equity Bank American Express Card holders can now redeem their Membership Reward points through a […]
Customers wait to be served in the banking hall at KCB Kencom branch in Kenya’s capital Nairobi. PHOTO | FILE KCB Group has completed the acquisition of Rwandese lender Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited. KCB Group chief executive Joshua Oigara said the lender has secured regulatory approvals […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.