The Nairobi Securities Exchange ( NSE ) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 per cent to Sh76.06 million compared to Sh81.62 million earned […]
Kenyan lender I&M Holdings has struck a deal to buy 90 per cent of the shares in Orient Bank Uganda, it said in a filing released by the Nairobi bourse on Monday. I&M is the ninth largest of Kenya’s 40 banks by assets while Orient is one of the small lenders in neighbouring Uganda. The […]
A Jamii Bora Bank branch. FILE PHOTO | NMG Co-op Bank intends to make additional capital investment in Jamii Bora Bank once it completes purchasing a controlling 90 percent stake in the small lender at a cost of Sh1 billion. Jamii Bora’s chief executive Timothy Kabiru disclosed the plans in response to queries raised by […]
Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | SALATON NJAU | NMG The Nairobi Securities Exchange (NSE) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 […]
KCB Group chief executive Joshua Oigara. FILE PHOTO | NMG KCB Group #ticker:KCB will this Thursday replace KPMG Kenya with PricewaterhouseCoopers (PwC) as its external auditor, dealing a blow to the consultancy after it lost Absa Kenya job last year. The changes will now hand PwC audit control of Kenya’s top two banks — KCB […]
KCB Group chief executive Joshua Oigara. FILE PHOTO | NMG KCB Group #ticker:KCB will this Thursday replace KPMG Kenya with PricewaterhouseCoopers (PwC) as its external auditor, dealing a blow to the consultancy after it lost Absa Kenya job last year. The changes will now hand PwC audit control of Kenya’s top two banks — KCB […]
(Adds details, background, quotes) NAIROBI, May 20 (Reuters) – KCB Group’s first-quarter profit missed expectations due to the impact of coronavirus, Kenya’s biggest lender said on Wednesday, adding that the pandemic was likely to affect its performance for the next two quarters. Profit after tax rose 8% in the first quarter to 6.3 billion Kenyan […]
•The three are Kenya’s largest banks by asset base. •Majority of commercial lenders in the country have been leveraging on lending to government and disbursing digital loans to grow their non-funded income. Kenya’s new bank notes. KCB, Equity and Coop Bank have been downgraded to a B2 rating due to their large investments in government […]
National Bank managing director Paul Russo. FILE PHOTO | NMG National Bank of Kenya (NBK) breach of regulatory capital levels worsened in the first quarter ended March as its parent company KCB Group #ticker:KCB prepares a Sh3 billion injection. The lender’s capital supporting its deposit-taking and lending activities, which were already inadequate in December, dropped […]
Customers inside a KCB branch banking hall. The bank recorded eight per cent growth in net profit during the three months period to March 31. PHOTO | AFP The group’s profit after tax rose to Ksh6.26 billion ($62.6 million) from Ksh5.77 billion ($57.7 million) in the same period last year with a huge portion of […]
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.