Tag: Banking
KCB secures Ksh 4B for onward lending to women enterprises
KCB Bank has secured Ksh 4 billion (€30m) from the Bill & Melinda Gates Foundation and the European Investment Bank to increase lending to...
Equity to pay shareholders Ksh 15B despite profit fall
Equity Group says its 2023 full year net profit decreased by 5pc to Ksh 43.7 billion on account of higher loan loss provision.
The drop...
I&M Bank net profit up 14pc to Ksh 13B
I&M Group PLC made Ksh 13.3 billion in 2023 full year net profit, representing a 14pc year on year growth driven by increased lending.
However,...
Premier Bank sees growth with planned expansion in coast region
Premier Bank Kenya expects to continue with its investments into new branches in the coast region as tourism and business activities pick up.
Speaking in...
Absa Bank full year net earnings up 12pc to Ksh 16B
Absa Bank shareholders are in for big pay after the bank closed the year with a profit after tax of Ksh 16.4 billion for...
Singapore’s biggest bank cuts executive pay after outages
Singapore's biggest bank DBS has slashed its CEO's bonus by 30% after disruptions to its digital services, despite it posting a record profit.
The company...
Equity Group buys Rwanda’s Cogebanque for Ksh 6.7B
Equity Group Holdings has completed full acquisition of Rwanda's fifth largest bank, Compagnie Générale de Banque (Cogebanque) Plc for Ksh 6.7 billion.
The transaction follows...
Equity Group Q3 net profit up 5pc to Ksh 36B
Equity Group profit after tax has risen by 5pc to stand at Ksh 36.2 billion in nine months of the this year to September.
The...
Co-op Bank nine months net profit up 7.6pc to 18B
Cooperative Bank has reported a profit after tax of Ksh 18.4 billion in nine months of this year to September.
The 7.6pc net profit increase...
Higher interest rates help to more than double HSBC profits
UK-based banking giant HSBC says its quarterly profits jumped to $7.7bn (£6.35bn), boosted by higher interest rates.
That is as the firm's pre-tax profit for...
