Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) — The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
A GTBank branch in Nairobi, Kenya. PHOTO | FILE | NMG The International Finance Corporation (IFC) has announced it has extended a $15 million loan to Guaranty Trust Bank (Kenya) Ltd for lending to local businesses in the country, making it the third bank to secure such a facility in Kenya since the beginning of […]
DUBLIN, February 09, 2022 –( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
Can you open a bank account on your phone using a USSD code? Yes, you can! Equity Bank Uganda recently launched account opening using the USSD *247# code. Equity Bank Uganda says that this furthers its commitment to invest in the financial deepening and inclusion of the unbanked population in Uganda. Using the *247# code […]
Cash-strapped Tuskys Supermarket will lose its first real estate asset through a public auction over a Sh650 million Equity Bank #ticker:EQTY debt, dimming chances of a revival for the once giant retailer. The five-storey commercial building, which houses the retailer’s largest store and sits at the junction of Tom Mboya Road and Accra Road in […]
KCB Group CEO Joshua Oigara. PHOTO | SALATON NJAU | NMG The High Court has cleared KCB Group to seize and auction the assets of Nairobi County over a Sh4.3 billion defaulted loan. Justice Chacha Mwita dismissed the county government’s application challenging the amount awarded by an arbitrator in November 2019. The lender moved to […]
Nairobi — Majority of bank customers still prefer mobile banking to the traditional brick and mortar services, reinforcing a sustained uptake of contactless banking solutions brought about by the Covid-19 pandemic, a new survey has revealed. According to the Banking Industry Customer Satisfaction Survey (2021), nearly six out of every ten bank customers (58.5 percent) […]
DUBLIN–( BUSINESS WIRE )–The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and community-based financial services associations. […]
Standard Chartered Bank. Standard Chartered Bank Tanzania, NBC and Exim Bank posted net profits of $15.97 million, $17.33 million and $11.74 million respectively. PHOTO | REUTERS However, only NMB and CRDB’s ratios of non-interest expenses to gross income fell below the Bank of Tanzania’s maximum threshold of 55 percent. CRDB’s cost-to-income ratio dropped to 48.6 […]
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