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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...

Shelter Afrique shareholders approve transformation to a bank

Shelter Afrique will now be a dynamic development bank after shareholders approved revised statutes to transform the bank from a housing and urban development...

KCB Group first half net profit down to Ksh 15B

KCB Group has reported a decline in profit after tax to Ksh 15.6 billion in the first six months of the year to June...

Equity Group to invest 2pc of earnings in sustainable projects

Equity Group targets to invest at least 2pc of its revenue in sustainable projects in seven markets it currently operates in. According to the lender,...

Credit Bank to strengthen SME lending after acquisition

Credit Bank Kenya is projecting an increase of its balance sheet to Ksh 32 billion by next year following the on boarding of Shorecap...

KCB Group shareholders to pocket Ksh 6.4B in dividends

The KCB Group shareholders have approved a final dividend payout amounting to Ksh 3.2 billion for the 2022 financial year. The approval now brings total...

NCBA Group net profit up 49pc to Ksh 5.1B

NCBA Group profit after tax has risen to Ksh 5.1 billion in the first three months of the year from Ksh 3.4 billion recorded...