Audrey Masitsa Women have taken the world, and Kenya, by storm with their ability to top the career ladder ensuring the corporations they run reach new heights. It was previously unheard of for women to join the corporate world, let alone head it. But over the years, many have broken the glass ceiling and become […]
Kenya’s largest lender by assets, KCB Bank, reported a 40 per cent drop in profit for the first six months of 2020, losing its profitability perch to Equity Bank that made Sh9 billion for the half year. [File, Standard] Banks are estimated to have registered a drop in profitability by 30 per cent in what […]
Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | NMG Kenya’s top seven banks listed on the Nairobi Securities Exchange (NSE) have set aside Sh31.7 billion in the half year ended June for an expected increase in bad loans as restrictions to combat Covid-19 raise the spectre of large-scale defaults. The provisions, which rose […]
Kenya’s largest lender by assets, KCB Bank, reported a 40 per cent drop in profit for the first six months of 2020, losing its profitability perch to Equity Bank that made Sh9 billion for the half year. [File, Standard] Banks are estimated to have registered a drop in profitability by 30 per cent in what […]
Kenya’s largest lender by assets, KCB Bank, reported a 40 per cent drop in profit for the first six months of 2020, losing its profitability perch to Equity Bank that made Sh9 billion for the half year. [File, Standard] Banks are estimated to have registered a drop in profitability by 30 per cent in what […]
NAIROBI (Reuters) – Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in March and the deal is […]
Mr James Ndegwa, the Capital Markets Authority (CMA) board chairman. PHOTO | SALATON NJAU | NMG The Attorney-General has defended the appointment of James Ndegwa as the chairman of Capital Markets Authority (CMA) in a court case filed by activist Okiya Omtatah seeking his removal over alleged conflict of interest. Mr Omtatah argues that Mr […]
Kathmandu, August 23 The profit made by commercial banks in the country dropped by a whopping Rs 8.68 billion in fiscal year 2019-20. According to the unaudited financial statements of the banks, the 27 commercial banks of the country earned a profit of Rs 54.31 billion in fiscal 2019-20 against a profit of Rs 63 […]
Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in March and the deal is due to complete […]
NAIROBI, Aug 7 – Co-operative Bank of Kenya will buy 90% of micro lender Jamii Bora Bank and the deal will complete this month, the country’s central bank said on Friday, marking further consolidation in the East African nation’s banking industry. Co-op Bank’s takeover of Jamii Bora was first announced in March and the deal […]
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