Equity Group Limited Annual General Meeting will be held on 25th June 2020 at Kenyatta International Conference Centre
Tag: XNAI_EQTY
Schemes dump NSE stocks for risk-free bonds
Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Pension schemes’ appetite for riskier investments reduced to 22 percent in the first quarter from 39 percent reported in the previous quarter owing to the Covid-19 pandemic. The 2020 first quarter Zamara Consulting Actuaries Schemes Survey (Z-CASS) report shows schemes took the ‘cash’ flight to avert […]
Uganda: Listed Companies Set Aside Shs265b to Pay Dividends
Six out of the nine locally listed companies have indicated they will give a combined sum of Shs265.5b in dividends for the period ended December 31, 2019. The Shs265.5b is an improvement from the Shs200.4b that was paid out to shareholders for the period ended December 31, 2018. The six companies including Bank of Baroda, […]
Will CBA’s love for mergers quench expansion thirst?
NIC Bank Managing Director John Gachora (left) with his CBA counterpart Isaac Awuondo brief journalists in Nairobi last week. When Kenya’s two powerful bankers – Commercial Bank of Africa (CBA) Group Managing Director Isaac Awuondo and NIC Bank boss John Gachora – recently shared the stage as a show of equal footing in the merger […]
Equitel charges for money transfer and withdrawals 2018
With the invention of mobile money transfer at a cost such as those in the Equitel charges, the banking sector has since cabbed the long queue menace that was a common thing in the past. The enhancements have enabled customers to transfer money from bank accounts to their mobile phones and withdraw from agents without […]
Equity Bank spins off digital arm as standalone fintech startup
Equity Group Holdings, Kenya’s second-largest bank, is spinning off its tech subsidiary into a commercial entity, dubbed Finserve. Finserve has been the inspiration for a string of digital and mobile banking innovations at the bank over the past four years, from the launch of Equitel, the Group’s mobile virtual network operator, to tie ups with […]
Top 8 biggest Kenyan banks based on latest Central Bank of Kenya analysis
Stiff market competition in the banking Industry has seen numerous banks readjust their positions, the 2017 Annual Bank Supervision Report by Central Bank of Kenya has indicated. The CBK report focusing majorly on market share analysis indicated the prolonged political season and capping of interest rates led to readjustment of performance margins between the banks. […]
Equity Bank posts Kshs. 18.9B net profit
Equity Bank made 18.9 billion shillings in 2017 full year net profit representing a 14 percent year on year increase weathering a prolonged electioneering period and the effects of interest rate caps. The profit was driven by a 24 percent growth in non-funded income to 27.6 billion shillings and automation of operations that saw digital […]
Kenyan bourse trading driven by local investors
Turnover at the Nairobi Securities Exchange (NSE) surged on Monday, boosted by increased trading of energy sector stocks by local investors. Turnover stood at 9.5 million U.S. dollars on a volume of 46 million shares, from 31 million shares worth 7.2 billion dollars of Friday last week. Oil marketer KenolKobil traded 32 million shares to […]
Africa’s innovative banking models to lead to 50% growth in customers over next 5 years
Africa’s overall banking market is the second-fastest-growing of any global region, says a McKinsey & Company report. While the global banking industry is facing sluggish growth, Africa’s banking sector provides a refreshing contrast, thanks to factors such as a digital-first approach, simpler, leaner banking models and compelling price offers. This is according to a new […]