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 […]
NAIROBI, Kenya, Aug 19- Kenya Commercial Bank has announced a profit rise in its half year earnings by 102 percent to stand at Sh15.3 billion, from Sh7.6bn it recorded in a similar period last year. The group through a statement attributed the rise in performance to improved economic activity, robust revenues, and lower provisions charge. […]
Kenya’s biggest bank by assets is in talks to acquire a lender in the Democratic Republic of Congo, the vast mineral-endowed central African country. “We’re engaging with two institutions today that are in Congo,” KCB Group Ltd. Chief Executive Officer Joshua Oigara said in an interview on Thursday. The bank will settle on a single […]
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 […]
Equity Group chief executive officer James Mwangi. FILE PHOTO | NMG Equity Group net profit for the first six months to June grew 98.4 percent to Sh17.9 billion driven by growth in interest and non-interest income. The group’s earnings rose from Sh9.02 billion recorded in a similar period last year as revenues across the subsidiaries […]
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 #ticker:KCB doubled its net profit for the half-year to June on increased income from a balance sheet that crossed the Sh1 trillion mark for the first time. The Nairobi Securities Exchange-listed firm reported net earnings of Sh15.3 billion for the six months, up 102 percent from Sh7.58 billion earned in a similar period […]
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 […]
Investors’ wealth on the Nairobi Securities Exchange (NSE) hit an all-time high yesterday, adding Sh70.24billion in a single day, buoyed by a rally of Safaricom and bank stocks. Market data shows the market recorded the sixth straight day of gains to close valued at Sh2.921 trillion— the highest in the history of the bourse. Safaricom […]
Dalberg, a leading social impact advisory firm, has put out an in-depth study of Kenya’s digital economy facilitated by the Omidyar Network, an impact investment firm that funds entrepreneurs tackling the world’s most pressing challenges. The fifty-four-page report that reached a scientific sampling of 2,400 Kenyans is chock-full of insights that policymakers, owners of capital, […]
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