KCB Group has reported a net profit rise of 131% during the third quarter period ending September 30, 2021 attributed to income growth and reduced loan loss provision. The giant lender profit after tax during the nine month period to September surged to Kshs. 25.2 billion compared to Kshs. 10.9 billion at the hieight of […]
National Bank of Kenya (NBK) is set to be delisted from the Nairobi Securities Exchange on Thursday following its acquisition by KCB Group through a share swap. NBK’s shares had already been suspended from trading ahead of the transaction, with the delisting marking the lender’s formal exit from the bourse which will now be left […]
Traditional dividend payers such as KCB, Equity, Co-operative Bank of Kenya and NCBA are all promising to distribute part of the profits to shareholders. Banks needed just seven months this year to earn the profits they made the whole of last year, new data shows. And now they are promising shareholders bumper dividends as the […]
Jamii Bora Bank and National Bank of Kenya (NBK) #ticker:NBK have returned to profitability and are growing their shareholder funds as subsidiaries of their respective parent firms Co-op Bank and KCB Group which acquired them in rescue deals. The transactions demonstrate the benefits of economies of scale that have enabled the big banks to turn […]
Safaricom Fuliza MPesa One of Safaricom’s biggest recent success stories happens to be Fuliza. Launched in 2019, the overdraft facility has had tremendous success and it is only reasonable for the company to want to expand its reach. Over the years, Safaricom has grown from being just a simple telecommunications provider to becoming a tech […]
A Safaricom engineer has been charged by the telco for tampering with Fuliza, the carrier’s overdraft facility. According to reports first seen by the Star, the employee is said to have adjusted Fuliza limits of some lines in a fraud case that saw the worker obtain KES 1.4 million illegally. The accused, who has since […]
An investor looks at the digital board at the Nairobi Stock Exchange(NSE)/FILE The Capital Markets Authority has approved the de-listing of the National Bank of Kenya from the Nairobi Securities Exchange. This follows the successful takeover of 100 per cent shareholding of NBK by KCB Group and NBK shareholders approval. “Notice is hereby given on […]
Ajua team in a past event. Admittedly, not all brands are equal in terms of success, customer reach, and how customers/clients relate to them. For instance, some businesses are more intentional about making sure that their customers have a better experience with them. According to a report published by Ajua for Quarter 3 Customer Loyalty […]
Appointment of a receiver-manager often heralds the last rites of a dying company. Such appointments are akin to a kiss of death as very few if any have managed a turn-around. As noted by Justice Alfred Mabeya recently, "receivership was a selfish, and destructive affair that was only self-centred concerned with the heavy remuneration of […]
NMB Bank has continued to rise and shine at the bourse since the ice broke two weeks, thanks to its outstanding performance in the first nine months of the year. The bank, one of the largest in the land, share price increased by 8.51 per cent to close last week at 2,040/- and assisting pushing […]
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