KCB Group CEO Joshua Oigara. PHOTO | SALATON NJAU | NMG The High Court has cleared KCB Group to seize and auction the assets of Nairobi County over a Sh4.3 billion defaulted loan. Justice Chacha Mwita dismissed the county government’s application challenging the amount awarded by an arbitrator in November 2019. The lender moved to […]
Nairobi — Majority of bank customers still prefer mobile banking to the traditional brick and mortar services, reinforcing a sustained uptake of contactless banking solutions brought about by the Covid-19 pandemic, a new survey has revealed. According to the Banking Industry Customer Satisfaction Survey (2021), nearly six out of every ten bank customers (58.5 percent) […]
DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
Standard Chartered Bank. Standard Chartered Bank Tanzania, NBC and Exim Bank posted net profits of $15.97 million, $17.33 million and $11.74 million respectively. PHOTO | REUTERS However, only NMB and CRDB’s ratios of non-interest expenses to gross income fell below the Bank of Tanzania’s maximum threshold of 55 percent. CRDB’s cost-to-income ratio dropped to 48.6 […]
DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
Kampala, Uganda — In a bid to reach the underserved and unbanked population, Equity Bank Uganda has today (Feb.02) launched account opening services on the phone using the USSD *247# code, furthering its commitment to invest in the financial deepening and inclusion in the country. The move, officials said, will also increase access to mainstream […]
While Africa is responsible for less than five percent of carbon emissions, it is most vulnerable to climate instability. It is laudable that the Kenyan regulators have taken the lead and issued guidance on ESG and climate risk management. Equity Bank, via its Foundation, is helping learning institutions switch away from traditional wood fuel to […]
WICHITA, Kan., Jan. 26, 2022 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, reported net income of $10.5 million and $0.61 earnings per diluted share for the quarter ended December 31, 2021. Equity’s results include a full quarter contribution from American State […]
Dar es Salaam. The year 2021 was generally good to a number of mid-sized lenders as available data show that some of them exhibited resilience and steady growths across a number of performance parameters in 2021 as the sector partially recovers from the Covid-19 pandemic. This group includes lenders with asset levels ranging from slightly […]
As a way of increasing access to financial services through Banks, Equity Bank Uganda has launched a self-service innovation platform that would see potential clients open up accounts by using their mobile phones. The potential customers will be able to open up accounts by dialing *247# and begin transacting without first visiting the bank or […]
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