A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors propped up the rebounding performance of the Nairobi Securities Exchange (NSE) by buying stocks worth Ksh.1.7 billion last month. According to data from Cytonn Research, this represented the second straight month of positive flows into the market after a narrow Ksh.154 […]
Kenya’s top nine listed banks slashed their provisions for loan defaults by a third in six months to June, defying Covid-19 hardships to raise their combined net earnings 72.5 percent to Sh66.5 billion. KCB #ticker:KCB, Equity #ticker:EQTY, Co-op Bank #ticker:COOP, I&M #ticker:I&M, Absa Bank Kenya #ticker:ABSA, NCBA #ticker:NCBA, Standard Chartered Bank Kenya #ticker:SCBK, DTB #ticker:DTK, […]
[Courtesy] Every year on August 26, the world joins the United States of America in marking the Women’s Equality Day – a day that was designated by the US Congress in 1971 to commemorate the 1920 passage of the 19th Amendment to the US Constitution, granting women the right to vote. Half a century on, […]
[Courtesy] Every year on August 26, the world joins the United States of America in marking the Women’s Equality Day – a day that was designated by the US Congress in 1971 to commemorate the 1920 passage of the 19th Amendment to the US Constitution, granting women the right to vote. Half a century on, […]
A Stanbic Bank branch on Kimathi Street, Nairobi. FILE PHOTO | NMG Stanbic Holdings is the first bank to reinstate interim dividends after its net profit surged 37 percent in the half year ended June to Sh3.5 billion. The company declared a payout of Sh1.7 per share or a total of Sh672 million to be […]
Bank payments made through cheques for the first half of the year rose 8.29 percent, rebounding from a Covid-induced double-digit drop in a similar period last year, which saw traders and households cut visits to banking halls. The latest Central Bank of Kenya (CBK) data show deals amounting to Sh1.23 trillion were settled via cheques […]
Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | NMG Standard Chartered Bank Kenya net profit for the first half of the year grew 50.9 percent to Sh4.88 billion helped by increased non-interest income and a fall in operating expenses. Results released on Monday morning showed net profit rose from Sh3.23 billion earned in […]
Standard Chartered Bank Kenya CEO Kariuki Ngari PHOTO | COURTESY Standard Chartered Bank Kenya has posted a 53 per cent jump in half year earnings after booking a Ksh.4.9 billion net profit from Ksh.3.2 billion last year. The notable improvement in profitability for the tier one lender is greatly attributable to a recovery in operating […]
A Stanbic Bank branch on Kimathi Street, Nairobi. FILE PHOTO | NMG Stanbic Holdings is the first bank to reinstate interim dividends after its net profit surged 37 percent in the half year ended June to Sh3.5 billion. The company declared a payout of Sh1.7 per share or a total of Sh672 million to be […]
Standard Chartered has introduced a new mortgage offering that will see clients’ access mortgages at 11.9 percent variable rate offer for new applications submitted and approved during the campaign period / COURTESY NAIROBI, Kenya, Jul 19-Standard Chartered has introduced a new mortgage offering that will see clients access mortgages at 11.9 percent variable rate offer […]
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