NAIROBI (Reuters) – Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in March and the deal is […]
(Ecofin Agency) – Over the first half of this year, Kenya Commercial Bank set aside KSh11 billion ($101.5 million) as a provision to meet the risks of loan defaults. The amount is 263.8% higher than that of the same period last year. According to the new international standards for the accounting presentation of banks’ financial […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in March and the deal is due to complete […]
NAIROBI, Aug 7 – Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in March and the deal […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Nairobi — National Bank of Kenya (NBK) has posted Sh186million in profit before tax for the first half of the year ending June, representing a 62 percent increase from a similar period last year. The Bank’s performance, despite the effects of the COVID-19 pandemic, was driven by a growth in the loan book and enhanced […]
NAIROBI, Kenya, Aug 12 – National Bank of Kenya (NBK) has posted Sh186million in profit before tax for the first half of the year ending June, representing a 62 percent increase from a similar period last year. The Bank’s performance, despite the effects of the COVID-19 pandemic, was driven by a growth in the loan […]
NBK has taken measures to cushion customers from negative impacts of the pandemic. This includes restructuring customer loans, in addition to suspending listing on the credit reference bureau and waiver of fees charged on use of digital channels. National Bank of Kenya (NBK) has posted Kshs. 186 million in profit before tax for the first […]
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.