Kenya Commercial Bank Group, the biggest lender in the country has posted a net profit of Ksh. 6.3 Billion for the period ended 31 st March 2020. This represents an 8% rise in profitability from the Ksh. 5.8 Billion posted in a similar period last year. At the same time, National Bank of Kenya (NBK) […]
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 […]
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 […]
Kenya’s largest bank restructured more than 110 billion shillings ($1.03 billion) of loans by mid-May, the most by any of the country’s lenders, as measures to curb the coronavirus pandemic take their toll on businesses. “Most of it is our large customers, institutional clients, that’s around 90 billion shillings,” KCB Group Ltd. Chief Executive Officer […]
KCB Group chief executive Joshua Oigara. FILE PHOTO | NMG KCB Group reported an 8.4 percent growth in net earnings in the first quarter ended March, helped by higher interest income and fees on transactions. The lender’s net profit in the period stood at Sh6.2 billion, up from Sh5.7 billion the year before. The earnings […]
(Adds details, background, quotes) By Omar Mohammed 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 […]
•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 of Kenya has posted a Sh282.7 million loss in half year ended June 2018, a decline from Sh179.8 million profit booked at a similar period last year. The six-month loss was on account of reduced interest and non-interest income as the bank remained in breach of three capital ratios as required by Central […]
Picture of National Bank banking hall Harambee Avenue branch taken on 1st September 2015 . [PHOTO:WILBERFORCE OKWIRI] National Bank of Kenya and mortgage financier Shelter Afrique are the first lenders to post losses in the six months to June this year. ALSO READ: Court fails to lift order barring ex-NBK bosses from holding office NBK […]
NAIROBI, AUGUST 22 ― The National Bank of Kenya has reported a Ksh282.7 million loss for the year to June 30, 2018 as the lender recorded lower interest gains from its shrinking loan book and other investment areas. NBK’s loss is a nose dive from the Ksh179.8 million profit it posted in a similar period […]
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