The State-backed mortgage firm has offered KCB Group and Housing Finance Sh2.64 billion to offer home loans with interest rates of less than 10 percent. The lower home loan rates are the product of the newly established Kenya Mortgage Refinance Company (KMRC), a Treasury-backed lender, which offers banks and saccos cash for onward lending to […]
The State-backed mortgage firm has offered KCB Group and Housing Finance Sh2.64 billion to offer homes loans with interest rates of less than 10 per cent. The lower home loan rates are the product of the newly established Kenya Mortgage Refinance Company (KMRC), a Treasury-backed lender, which offers banks and saccos cash for onward lending […]
National Bank of Kenya (NBK) has partnered with the National Youth Service (NYS) to plant 50,000 tree seedlings in the Tana River Basin. This was part of the Greening Kenya Initiative by the financial institution, which is a subsidiary of KCB Group . The tree planting campaign is part of government efforts to grow the […]
Although Covid-19 pandemic has hit the entire banking sector equally, a few banks have emerged as more equal than others. Consequently, financial results that lenders have been churning out in the last two quarters have presented observers with what would better be described as “a great study in contrast.” Already, banks such as NCBA and […]
Nairobi — The Kenya Mortgage Refinancing Company (KMRC) has disbursed Sh.2.75 billion to participating primary mortgage lenders (PMLs) KCB Bank, HF Bank, Stima Sacco and Tower Sacco have each received Sh.2.13 billion, Sh.514million, Sh.69 million and Sh.29 million respectively, marking KMRC’s debut lending since its start. This first disbursement is drawn from the World Bank […]
NAIROBI, Kenya, Dec 18-The Kenya Mortgage Refinancing Company (KMRC) has disbursed Sh.2.75 billion to participating primary mortgage lenders (PMLs) KCB Bank, HF Bank, Stima Sacco and Tower Sacco have each received Sh.2.13 billion, Sh.514million, Sh.69 million and Sh.29 million respectively, marking KMRC’s debut lending since its start. This first disbursement is drawn from the World […]
National Housing Cooperation houses in Kilimani, Nairobi /JACK OWUOR The Kenya Mortgage Refinancing Company (KMRC) first tranche of credit to banks for onward lending to borrowers seeking long-term home loans at affordable rates is out. The National Treasury backed lender yesterday released Sh2.75 billion to KCB Bank, HF Bank, Stima Sacco and Tower Sacco which […]
The Kenya Mortgage Refinance Corporation (KMRC) will issue a corporate bond in the third quarter of 2021, as it moves to raise money for low-cost houses. Chief Executive Johnstone Olteita said an interview with The Standard that the company would be seeking to raise between Sh2 billion and Sh3 billion next year, but did not […]
The headquarters of Kenya Commercial Bank (KCB), operated by KCB Group Ltd. (Photographer: Riccardo Gangale/Bloomberg via Getty Images) Kenya Commercial Bank (KCB) Group on Thursday announced it had signed an agreement with Atlas Mara Limited (ATMA) to acquire banking businesses in Rwanda and Tanzania. “KCB Group Plc (KCB) and Atlas Mara (ATMA) have signed a […]
Monday, December 14, 2020 /12:17 PM /by Moody’s Investors Service / Header Image Credit: Tire Business Proshare Nigeria Pvt. Ltd. Moody’s Investors Service ("Moody’s") has taken various ratings actions on some ratings of 32 banks across 10 African countries: Angola, Democratic Republic of Congo, Egypt, Ghana, Kenya, Morocco, Nigeria, Tanzania, Tunisia and Uganda. The rating […]
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