NBK posts Kshs 1.1B in full year net profit
National Bank of Kenya (NBK) has posted Kshs 1.1 billion in profit after tax for full year 2021. This represents a 431% increase from 2020,...
Bank
HSBC forecasts brighter outlook as profits surge
HSBC has reported stronger than expected profits and says the economic outlook is looking brighter. Europe’s biggest bank by assets reported income of $5.8bn (£4.2bn)...
Kenya secures Kshs 75 billion loan to develop northern Kenya
Kenya has secured Kshs 75 billion loan from the World Bank for various infrastructure developments in northern Kenya. The funds will go towards the upgrading...
Equity Bank increases loan limit through new product
By Grace Maina Equity Bank has launched a new product that will allow subscribers to access higher loan amounts payable over a longer period through...
Bangladesh bank boss quits over $100m cyber-fraud
By BBC The head of Bangladesh’s central bank, Atiur Rahman, has resigned after cyber-thieves stole more than $100m from the country’s foreign currency reserves. Mr...