The National Bank of Kenya (NBK) has posted Ksh. 765 million in profit after tax for the half year ending June 30, 2021. This is a 307% growth compared to a similar period last year. The growth has been attributed to increased income from loan interest and foreign exchange trading, coupled with lower loan loss […]
KCB Group CEO Joshua Oigara (left), Chairman Andrew Kairu (centre) and the CFO Lawrence Kimathi during the bank’s half-year results announcement at the Nairobi Serena Hotel on August 19, 2021. PHOTO | DIANA NGILA | NMG KCB Group doubled its net profit for the first six months to June to Sh15.3 billion as its subsidiary […]
National Bank of Kenya Managing Director, Paul Russo during a past event PHOTO/COURTESY The National Bank of Kenya (NBK) has won three major global awards for Best Bank in Customer Service Kenya, Best Islamic Window Kenya and Best SME Bank in Kenya. The bank bagged the awards in the International Business Magazine Awards 2021 that […]
Banking experts have hailed the return to profitability of Kingdom and National Bank as a win to consolidation. In analysis of the recently released half year results by local lender, experts at GCR Ratings attributed the good performance of the two lenders to sound management efficiency and risk spread. ‘’The acquisition by superior institution played […]
KCB & Equity Group Managing Directors, Joshua Oigara and Dr. James Mwangi The KCB Group is now the second local bank to reach the Ksh.1 trillion mark in total assets after the Equity Group. The lender crossed the threshold in the quarter ending in June 2021 where its total assets peaked on the right side […]
KCB Group CEO and MD Joshua Oigara KCB group Chairperson Andrew Kairu KCB and Group CFO Lawrence Kimathi during the release of KCB Half year 2021 financial results in Nairobi on August 19, 2021 Kenya Commercial Bank’s investment in National Bank of Kenya is paying back after the subsidiary posted a Sh717.6 million net profit […]
National Bank of Kenya (NBK) made a Sh717.6 million net profit in the first half of the year, helped by a lower tax bill and increased income from lending and transactions. This was reversal of a Sh381.3 million net loss a year earlier. The lender, a fully-owned subsidiary of KCB Group #ticker:KCB, saw its interest […]
KCB Group CEO and MD Joshua Oigara KCB group Chairperson Andrew Kairu KCB and Group CFO Lawrence Kimathi during the release of KCB Half year 2021 financial results in Nairobi on August 19, 2021 Kenya Commercial Bank’s investment in National Bank of Kenya is paying back after the subsidiary posted a Sh717.6 million net profit […]
National Bank of Kenya (NBK) made a Sh717.6 million net profit in the first half of the year, helped by a lower tax bill and increased income from lending and transactions. This was reversal of a Sh381.3 million net loss a year earlier. The lender, a fully-owned subsidiary of KCB Group #ticker:KCB, saw its interest […]
KCB & Equity Group Managing Directors, Joshua Oigara and Dr. James Mwangi The KCB Group is now the second local bank to reach the Ksh.1 trillion mark in total assets after the Equity Group. The lender crossed the threshold in the quarter ending in June 2021 where its total assets peaked on the right side […]
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.