Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard] The value of investors’ wealth at the Nairobi Securities Exchange (NSE) today touched 12-month low, majorly pulled down by Safaricom as foreign investors sustained selling. Market data shows investors’ paper wealth has in the last seven days of trading dropped by Sh79.91 billion […]
Tag: XNAI_SCBK
Kenyan Banks Poised for Fastest Credit Growth in Six Years
Credit growth at Kenya’s largest banks is set to expand at the fastest pace in six years as they shift cash parked in government securities to lending to the private sector. Lenders in East Africa’s biggest economy were stymied as regulatory decisions hampered their ability to price risk. The central bank is now expected to […]
Stanchart boss on gender equality, changing trends
Chief Executive Officer Kariuki Ngari. [Wilberforce Okwiri, Standard] Standard Chartered Bank Kenya is disrupting the status quo by increasing female representation in the boardroom. How have you managed to achieve this inclusion? I think that’s something that we have deliberately worked on. It has been deliberate. When I look at our total staff population today, […]
Kenyan Banks Poised for Fastest Credit Growth in Six Years
(Bloomberg) — Credit growth at Kenya’s largest banks is set to expand at the fastest pace in six years as they shift cash parked in government securities to lending to the private sector. Lenders in East Africa’s biggest economy were stymied as regulatory decisions hampered their ability to price risk. The central bank is now […]
Safaricom pulls NSE to 12-month low
Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard] The value of investors’ wealth at the Nairobi Securities Exchange (NSE) today touched 12-month low, majorly pulled down by Safaricom as foreign investors sustained selling. Market data shows investors’ paper wealth has in the last seven days of trading dropped by Sh79.91 billion […]
Top banks save Sh51bn from unpaid loan losses
Guests follow proceedings during a Kenya bankers meeting in Nairobi on October 15, 2019. FILE PHOTO | NMG Kenya’s top eight banks cut their provisions against loan defaults by nearly half last year, helping drive the combined net profit by 80.29 percent to Sh132.41 billion. KCB #ticker:KCB , Equity #ticker:EQTY , Co-op Bank #ticker:COOP , […]
Top banks save Sh51bn from unpaid loan losses
Guests follow proceedings during a Kenya bankers meeting in Nairobi on October 15, 2019. FILE PHOTO | NMG Kenya’s top eight banks cut their provisions against loan defaults by nearly half last year, helping drive the combined net profit by 80.29 percent to Sh132.41 billion. KCB #ticker:KCB , Equity #ticker:EQTY , Co-op Bank #ticker:COOP , […]
NSE shrugs off record earnings and dividends
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG The raft of dividend announcements and record earnings made in the past three weeks has failed to excite the stock market, with share prices registering muted growth despite […]
Kenyan banks record meteoric surge in profits
After a period of reduction in net earnings, mass layoffs and freezing of dividends in 2020, Kenyan lenders have suddenly bounced back amid modest growth in revenues and reduction in operating expenses. So far six top tier banks which have published their financial performance figures for the 12 months to December 31, posting on average […]
StanChart reveals secrets of Sh100m NYS fraud deal
Graduating officers march during the Passing-Out of the National Youth Service Recruits in Gilgil Nakuru county on December 2, 2021.PHOTO | CHEBOITE KIGEN | NMG Standard Chartered Bank Kenya (StanChart) has revealed to American regulators that it opted to pay Sh100 million in exchange for a two-month reprieve from the prosecution of its executives in […]
